The idea of liquidation is usually associated with offers that are made with discounts due to moving or closing a store.
Settlement is the action and result of settling , which means, among other things, making full payment of an account , adjusting a calculation, or finalizing a certain state of something.
In the commercial field, explains the dictionary of the Royal Spanish Academy (RAE) , liquidation is the retail offer that a store makes due to moving, renovation, closure or other reasons, offering its products at a reduced price to attract buyers.
In many cases, this meaning of the concept is used for the sole purpose of manipulating the public, making them believe that a commercial establishment will close its doors, when this is not the case. This deceptive technique is not common in large companies, which usually have marketing departments that design other types of strategies.
Tax settlement
In the tax field, settlement is a procedure that allows quantifying the tax that a taxpayer must pay to the treasury. The tax settlement , therefore, returns the amount that must be disbursed for taxes that correspond to a certain period.
In many cases, given certain variables, the result is positive in favor of the citizen, although this usually happens to people with very low salaries and fixed expenses. In the case of owing money to the State, non-payment is penalized with surcharges and fines of varying amounts. Likewise, those who meet the requirements established by the corresponding body must compulsorily carry out said liquidation or they will incur a crime.
The calculation of the remuneration that a worker is entitled to receive in a month is known as salary settlement or assets.
Calculation of remuneration
When we talk about salary settlement , on the other hand, we are talking about the calculation of the remuneration corresponding to a worker who maintains a dependency relationship with his employer.
This calculation is usually carried out monthly and includes the minimum wage along with the amounts that are added by legal provision or other reason. The settlement also takes into account attendance, time worked, possible awards and other components.
Liquidation of a commercial company
The liquidation of a commercial company covers those operations that take place after its dissolution and that allow it to pay liabilities, collect credit and complete pending business .
There are organizations dedicated to speculating about the potential fall of companies, with the aim of anticipating absolute bankruptcy and trying to buy them . In general, they offer large sums of money to the owners and try by all means to convince them that their only way out is to sell . Needless to say, these entities see benefit where others see ruin; In some cases, their objective is not to revive the companies, but rather to take advantage of the physical space to expand a property.
The collection of interest
The process in which an asset is converted into money is called interest settlement . In the case of a deposit , it refers to the collection of its performance.
The frequency with which this settlement is carried out is variable and should not be confused with the term of the deposit itself, since this determines its duration. In general, this payment is made monthly or every three, six or twelve months, or at the expiration of the financial product.
Settlement of sentence
The settlement of the sentence is the certificate issued by the Secretary of the Sentencing Court, which details the calculation of the duration of the sentence determined in the final sentence. In it, months are considered groups of 30 days and years, 365 days. Once the Penitentiary Center receives this information, it proceeds to prepare the spreadsheet which will indicate the portion of said sentence that has been carried out in the penitentiary setting.
The result of this settlement is the granting of exit permits, the possible evaluation of an advancement of conditional release, return to the country of origin (having served a certain percentage of the sentence) or the release itself, in case of having completed the sentence. period stipulated by the sentence.