Who is eligible. The Employment Pass is for foreign professionals who: 1  Have a job offer in Singapore. 2  Work in a managerial, executive or specialised job. 3  Earn a fixed monthly salary of at least $3,300 (more experienced candidates need higher salaries).pplication for an Employment Pass is open to all nationalities. Use the Self-Â­Assessment Tool (SAT) to check if the candidate qualifies for the pass. Note on salaries: 1  Young graduates from good institutions can qualify if they earn at least $3,300. 2  Older, more experienced candidates need higher salaries to qualify.
DEFINITION of 'Covered Bond'. Securities created from public sector loans or mortgage loans where the security is backed by a separate group of loans.
DEFINITION of 'Insurance Bond'. An investment instrument that is offered by life insurance companies. The investment is provided in the form of a single premium life insurance policy. These bonds are often used as investments in the U.K. and other countries.Also known as an investment bond.REAKING DOWN 'Insurance Bond'. Insurance bonds are very simple investments that allow investors to save for the long term. Investors who hold their bonds for more than 10 years without making any withdrawals in that time are able to receive their earnings tax free.