Glossary

Second-timer applicant

DEFINITION

A second-timer applicant is someone who has already received one housing subsidy before. They usually have lower priority and fewer grant options than first-timer applicants.

ELI5

This means the person has already used housing help once before. Because of that, they usually get lower priority and fewer grants.

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Net Worth

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Compounding Interest

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Fixed Deposits

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Life assured

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