The settlement is the action and the result of liquidating, which means, among other things, making the full payment of a bill, adjust a calculation or finish a certain state of something.
In the commercial field, explains the dictionary of the Royal Spanish Academy (RAE), the settlement is the retail offer that a store performs for moving, renovating, closing or other reasons, offering its products at a reduced price to attract buyers. In many cases, this meaning of the concept is used with the mere purpose of manipulating the public, making them believe that a commercial premises will close its doors, when it is not. This deceptive technique is not common in large companies, which tend to have departments of marketing who design other types of strategies.
In the field tax, the settlement is a procedure that allows to quantify the tribute that a taxpayer must pay to the treasury. The tax settlementTherefore, it returns the amount that must be disbursed for taxes corresponding 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, failure to pay is penalized with surcharges and fines of various amounts. Likewise, those who meet the requirements established by the corresponding body must carry out said liquidation obligatorily or they will incur a crime.
When you talk about liquidation of assets or of salariesOn the other hand, it is a matter of calculating the remuneration corresponding to a worker who maintains a dependency relationship with his employer. This calculation is usually carried out on a monthly basis and includes the minimum wage together with the amounts that are added by legal provision or other reason. The settlement also takes into account attendance, time worked, eventual awards and other components.
The liquidation of a commercial society It covers those operations that take place after its dissolution and that allow to pay the liabilities, collect the credit and complete the business that are pending. There are organizations dedicated to speculate about the potential decline of companies, with the aim of get ahead of outright bankruptcy and try to buy them. In general they offer large sums of money to the owners and try by all means to convince them that his only way out is to sell. Needless to say, these entities see a benefit where others see the ruin; in some cases their objective is not to resurface the companies, but to take advantage of the physical space for the expansion of a property.
The process in which an asset is converted to money is called interest payments. In the case of a Deposit, refers to the collection of their performance. The periodicity with which this settlement is made is variable and should not be confused with the term of the deposit itself, since it determines its duration. In general, this collection is made monthly or every three, six or twelve months, or at the maturity of the financial product.
The sentence settlement is the certificate issued by the Clerk of the Sentencing Court, detailing the calculation of the duration of the sentence determined in the final judgment. In it, the months are considered groups of 30 days and the years, 365 days. Once the Penitentiary Center receives this information, it proceeds to prepare the spreadsheet where the portion of said sentence that has been carried out in the penitentiary will be indicated. The result of this liquidation is the granting of exit permits, the possible evaluation of an advance of the 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 period stipulated by the sentence.
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