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Glite Dictionary
➕ Combining amounts 🔗 Making unified
totalization

totalization

7.9
Combining amounts from different sources for tax or pension records
  • noun
  • /ˌtoʊtəlɪˈzeɪʃən/
  • Specialized
translation icon : totalización
  • International agreements may allow the totalization of work periods for pension eligibility.

Examples

  • The totalization of different income sources is necessary for accurate tax reporting.

  • The accountant explained the totalization process to ensure all figures were included.

  • The totalization of data is crucial for accurate reporting.

  • We need a better method for totalization in our accounting system.

  • The totalization of various income streams is essential for determining your total taxable income.

  • For accurate retirement planning, the totalization of previous work hours across different countries is important.

  • The government implemented a new system for the totalization of contributions to simplify pension calculations.

Synonyms

addition
vstotalization
34 1.0

To find a total by combining two or more numbers

is a broader administrative combining of amounts used in accounting or social security
aggregation
vstotalization
11 6.1

A group of things joined together as one whole

is specific to official social security and accounting contexts
summation
vstotalization
5 4.8

The total you get when you add things together

is the administrative process of combining amounts for accounting purposes

Antonyms

division
107 2.9

The process of making something into parts or equal parts in math

disaggregation
  • Specialized
1 7.9

Breaking a whole into smaller separate parts

How Aggregated

totalization
  • Specialized
7.9
aggregation
11 6.1
to tally
18 3.0
counting
111 1.0

Surface Forms

totalization singular
totalizations plural

Morphology

totalization = totalize (transparent) = total + ize + ation

Formed by nominalizing the verb 'totalize' with '-ation'; the meaning 'process of totaling' follows standard English morphology.

Etymology

The word totalization comes from the common word total, meaning 'whole', and the ending -ization, meaning 'the act of making'. So, totalization is the process of putting amounts together into one whole number, which fits its use for taxes, pensions, and other kinds of accounting.