prima de antigüedad
Also spelled: prima
What does prima de antigüedad mean?
A payment owed to a worker for time served when an open-ended contract ends, whether they quit or are dismissed. It accrues per year worked and is distinct from severance for unfair dismissal.
Example
His final settlement included the prima de antigüedad and unused vacation.Al liquidarlo le pagaron la prima de antigüedad y las vacaciones.
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