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7 - Check-off facility or Post Dated Cheques for the Repayment period given or SI from the borrower's salary/ pension a/c with our Bank. In case of Rent Plus the lessee(s) can pay the monthly rent to the Bank directly if the agreement so specifies.
8 - There are three types of credit accounts: revolving, installment and open. One of the most common types of credit accounts, revolving credit is a line of credit that you can borrow from freely but that has a cap, known as a credit limit, on how much can be used at any given time.
9 - Sector which encompasses all jobs with normal hours and regular wages, and are recognised as income sources on which income taxes must be paid. Opposite of informal sector.
10 - The informal sector plays a controversial and important role. It provides jobs, reduces unemployment and underemployment, and probably helps combat malnutrition in many parts of the world. However, it is typically low-paid, and job security is non-existent.
Explanation: