Glossary entry

Spanish term or phrase:

prima de antigüedad

English translation:

seniority bonus/premium

Added to glossary by Margaret Schroeder
Jul 15, 2003 15:00
20 yrs ago
20 viewers *
Spanish term

prima de antigüedad

Spanish to English Bus/Financial financial statement / contabilidad
An item under "pasivo largo plazo" (long term liabilities) in the financial statement of a company.

The complete item is:

PASIVO LARGO PLAZO
-Financiamento largo plazo $XXX
-Prima de antigüedad $XXX
-Depósito en garantía $XXX
-Proveedores a LP $XXX

TOTAL DE PASIVO LARGO PLAZO $XXX

Discussion

Non-ProZ.com Jul 15, 2003:
THANKS I will leave it open the requisite 24 hours but it is clear that you have all hit the nail on the head - the item refers to seniority bonuses payable (i.e. to the employees).

Proposed translations

+1
1 min
Selected

seniority bonus

depending on how many years the employee has worked
Peer comment(s):

agree Nikki Graham
31 mins
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4 KudoZ points awarded for this answer. Comment: "You were ALL right, so thanks also to Jennifer, Cindy, Richard and Montse and those who commented. Re "length of service" vs. "seniority", a search confirms that "seniority" IN THIS CONTEXT seems to be synonymous with "length of service". For example, http://solutionsabroad.com/d_mexicanlaborlaw.asp ."
+1
2 mins
Spanish term (edited): prima de antig�edad

seniority bonus(es)

Monthly Fixed Allowances (Cash Benefits):
Attendance Bonus: e.g. If full attendance for a month $30 should be paid as bonus.
Seniority Bonus: e.g. If employee service exceeds 5 years $100 should be paid as seniority bonus.
http://www.erpweb.com/shared/paystruct/help.htm
Peer comment(s):

agree Nikki Graham
33 mins
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3 mins

seniority bonus

es el dinero extra que te pagan cuando llevas determinados años en una empresa.
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+3
5 mins

Length of service bonus

Another option frequently used.
Peer comment(s):

neutral CMJ_Trans (X) : or "long service bonus"
5 mins
I don't think I would use that phrasing, since the bonus is based on the period of time the employee has been withthe company, not on them having been there a long time necessarily
agree Sheilann : Seniority suggests hierarchy. This bonus is paid to everyone.
18 mins
Thanks, that's always been my impression, too.
agree Nasus : would go for 'long service bonus' option
55 mins
Thanks, as I mentioned above, the bonus is not determined by employees being with the company "a long time", but rather by the length of their service. It could be 3 years or 20, so it's not a matter of it being a long time.
agree Patricia Baldwin
3 hrs
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16 mins

Seniority Premiums

This is standard accounting in Mexico. Premiums are paid to workers based on the number of years of service completed. Hope this helps.
14 1/2 years translating from Spanish to English for International accounting firms based in Mexico City
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