Quote 101

Establishing the etymological origin of the term quotation is somewhat complex as it emanates from two languages. Thus, in the first place, it starts from the Latin concept quotus, which meant “how much” and from which the French word quote arose. This was used to refer to the amount of money that was assigned to each taxpayer and from it came the most current verb that is cotiser.

Quotation is the action and the consequences of quoting (setting a price, making an estimate of something, paying a fee). According to abbreviationfinder.org, this word is used to refer to the documentation that indicates the real value of a good or a service. For example: “I ask you to please send me the quote for twenty liters of varnish and four kilos of cement”, “Today I spoke with Ricardo to ask him to tell me the quote, although he has not told me anything yet”, “The quote of these services is very high”.

Another use of the concept is linked to the official appraisal of a security on the Stock Market or the appraisal of a currency. This price is usually modified according to various criteria and is directly regulated by certain maneuvers by the State: “The authorities will not allow the price of the dollar against the national currency to fall below four pesos”, “Our accountant says that there is to take care of the low price of the titles that the company has”, “If the price of these shares continues to increase, we will become rich”.

In some nations, the contribution is made up of the amount that all workers must contribute to the State in social security contributions. Also called social security contribution, it is a percentage of the salary that the employer (through a withholding) or the employee has to deposit in the national social security system.

In the case of Spain, what are known as Bases and contribution types are officially and legally established. With them, what remains organized are the contribution bases for common contingencies that exist based on whether citizens belong to the general regime or are established in other special regimes.

The latter would be self-employed workers, self-employed agricultural workers, domestic employees, employed agricultural workers or sea workers.

Thus, depending on the aforementioned scheme where each citizen is included, they will know what the minimum and maximum bases of euros per month are, as well as the various existing types.

When we refer to bases, we are talking about what is known as the contribution base, which is the remuneration that workers obtain and based on it, the amount of money is established, which is the quota, that must be paid to the regime. of Social Security. Thus, for example, with regard to the common contingencies of the general regime, it is established that the company must pay 23.60 euros and the employee 4.70 euros, which would give rise to a fee of 28.30 euros.

The price, on the other hand, can be the value that the hiring of an athlete implies. In football, the player’s pass or card has a price that the team that hires him must pay to keep his services: “The Chilean defender’s price surprised the leaders, who do not want to invest so much money. ”