Collection consists of obtaining or receiving money.
The first step to take before beginning to discover the meaning of the term collection is to determine its etymological origin. Thus, you have to know that it comes from Latin, exactly from the word “recapitare”, which can be translated as “collect a specific sum of money” and that it is made up of two different parts: the prefix “re-”, which is synonymous with “backwards” or “intensification”, and the verb “capitare”. This is equivalent to “paying the capitation,” which was a tax.
The process of collecting (obtaining or receiving money or resources ) is known as fundraising . The term is also used to name the amount that is collected . For example: “The collection from the concert exceeded all expectations,” “The government expressed concern about the drop in collection,” “The club leaders hope that the collection from this match will allow them to balance their finances.”
Tax collection
The most frequent use of the notion is linked to the mechanism that a State has for collecting taxes from citizens. The process begins with the legal stipulation of the rates to be paid and includes various actions to guarantee that all people and companies pay their fair share. Within the framework of the collection process, the State can also pursue and punish those who do not comply with their tax obligations .
Collection is very important since it allows rulers to obtain the funds they allocate to the development of public works and the maintenance of the State in general. When people do not pay taxes , tax collection falls and, consequently, the funds that a government has to build hospitals, maintain schools, etc. fall.
In the case of tax collection, the contribution of money is mandatory . In other contexts, however, fundraising is a process that encourages people to donate funds , without any obligation involved. This type of collection is carried out by non-governmental organizations and political parties to finance their projects and activities.
Collection can be carried out by imposition or voluntarily.
The film box office
One of the areas in which the term collection is most used is in cinema. And it is used to express the success that a film is achieving in theaters after its release. Thus, on a weekly basis a stipulation is made of the figures recorded by the different productions that are on the screen at that moment and the relevant rankings are prepared.
Among the films that throughout history have raised the most money worldwide are “Avatar” (2009), which made $2,788 million; “Titanic” (1997), with 2,186 million dollars; “The Avengers” (1998), with 1,518 million dollars; “Jurassic World” (2015), with 1,513 million dollars and “Fast & Furious 7” (2015), with 1,511 million dollars.
On the opposite side, among the films that have earned the least in theaters or that have entailed the greatest economic losses are “The Fall of the Roman Empire” (1964), “Pluto Nash” (2002), “The Lone Ranger” (2013 ) or “The Legend of the Samurai” (2013).