The Absa Participation Bond Fund is for any investor looking for a secure investment with an attractive income yield that is market-related and always competitive. It's for young and old, individuals or corporate bodies, trusts, charities, clubs, educational institutions and churches. The Fund holds ... More Details »
Premiums paid to the insurance company by policyholders in advance of the premium due dates. An interest discount is sometimes allowed to the policyholder for such advance payments. Advance premiums are subject to withdrawal or refund and hence are accounted for as deposits.