What is Finiquito?
The finiquito (final settlement) gathers what is owed to the worker when the employment relationship ends by resignation or mutual agreement: pending days of salary, proportional vacation and vacation premium, and proportional aguinaldo.
It is distinct from the liquidación (severance settlement), which applies in unjustified dismissals and additionally includes severance pay (three months' salary and seniority premium).
In practice
On resigning in June, the worker receives in the finiquito the days worked in the month, plus the vacation, vacation premium and aguinaldo proportional to the year.