Consolidation , from Latin consolidation, is the action and effect of consolidating or consolidating (give firmness, security and solidity to something). The concept is frequent in the economy With various uses.
The debt consolidation It consists of converting a provisional debt into a stable debt. The mechanism involves borrowing money to settle (pay) the various outstanding debts. In this way, the debtor will only have a single debt with the same agency (the entity that granted the loan).
This procedure brings together what were previously several debts in a single monthly payment, a feature that helps reduce financial costs and plan the management of the money . The payment that is made each month, on the other hand, ends up being inferior, although it extends over time.
On the other hand, we cannot ignore the fact that there is also what is known as soil consolidation. This is a procedure that takes place within the industrial, constructive and geographical scope, in many cases.
That is a term used to define the entire process that takes place from what would be the reduction of the volume of certain soils, usually those that are silt or clays. This circumstance occurs following the placement of a series of masses on them.
A long period of time is the one that lasts this mentioned process of consolidation of soils, which can be of two types. Thus, on the one hand, there is the primary, which is the one that occurs in a single dimension. And, on the other, there is the secondary call that takes place from the previous one and that is defined because it also involves other factors such as water.
The consolidation of a company On the other hand, it is the integration of the different balance sheets of subsidiaries into a single balance sheet of a parent company. The process may involve the transfer of assets. With consolidation, the financial statements of two or more are grouped Business They are legally independent.
We cannot forget that, on the other hand, there is what is known as employment consolidation. Basically it is a tool that is usually used in institutions and public bodies so that people who work in them but do not have a place can finally achieve a definitive one.
Hence, to offer them this possibility, a series of mechanisms such as procedures that have a part of the contest, where their merits and the years they have been working, and another of opposition, which will measure their knowledge on a specific agenda will be put in place .
In everyday language, consolidation refers to strengthen something or to reattach what it had been so that it is firm . For example: “The trip was so perfect that it meant the consolidation of our courtship”, "The move of Paula prevented the consolidation of friendship since Ramona had to travel a great distance to visit it", “The consolidation of this project requires the commitment and efforts of all”, "Messi achieved consolidation as the best player in the world in 2009".