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quota di accantonamento

English translation: provision made

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Italian term or phrase:quota di accantonamento
English translation:provision made
Entered by: tinawizzy (X)

16:12 Dec 21, 2006
Italian to English translations [PRO]
Law/Patents - Human Resources / Severance Indemnity
Italian term or phrase: quota di accantonamento
The term is used in the context of calculation of severance indemnity due for dismissal of employment. The paragraph reads:

Il momento di cessazione del rapporto di lavoro del Sig. XXX influisce anche sulla quantificazione del T.F.R. (severance indemnity) e, in particolare, sull'accantonamento relative all'ultimo anno di lavoro, dovendose tener conto di tutte le voci retributive percepite dall'impiegato.

From the kudoz glossary and the internet, I get the impression that this is sum reserve fund. But I would like feedback as I am not sure.

Thanks to all !!
tinawizzy (X)
Malta
Local time: 17:44
provision made
Explanation:
"the provision made for the last year of work" "alternatively the sum set aside".
However as I understand this it is purely an accounting operation (there is not necessarily any cash fund formed), recorded as a liability and charged to the income statement and as such is termed a "provision" under "UK" accounting practice, although Americans might term it a reserve.
Selected response from:

James (Jim) Davis
Seychelles
Local time: 19:44
Grading comment
Thank you !
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2provision made
James (Jim) Davis
2Amount of allowance account
Gad Kohenov


  

Answers


19 mins   confidence: Answerer confidence 2/5Answerer confidence 2/5
Amount of allowance account


Explanation:
I hope this can help you.

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Note added at 20 mins (2006-12-21 16:33:51 GMT)
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Or amount in the allowance account

Gad Kohenov
Israel
Local time: 18:44
Works in field
Native speaker of: Native in FrenchFrench, Native in HebrewHebrew
PRO pts in category: 30
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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
provision made


Explanation:
"the provision made for the last year of work" "alternatively the sum set aside".
However as I understand this it is purely an accounting operation (there is not necessarily any cash fund formed), recorded as a liability and charged to the income statement and as such is termed a "provision" under "UK" accounting practice, although Americans might term it a reserve.

James (Jim) Davis
Seychelles
Local time: 19:44
Native speaker of: Native in EnglishEnglish
PRO pts in category: 207
Grading comment
Thank you !

Peer comments on this answer (and responses from the answerer)
agree  Peter Cox
13 hrs
agree  Claire Restivo
5 days
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