结算 jiésuàn to settle a bill
to settle a bill; to close an account
How to remember 结算: 结 tie up + 算 calculate = to settle a bill.
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How it is used
- To settle accounts / close out a bill - 月底结算 (yuèdǐ jiésuàn) to settle up at month's end; 结算工资 (jiésuàn gōngzī) to reckon and pay wages.
- Financial/commercial term for tallying and clearing payments, vs everyday 付钱 (fù qián, to pay); think checkout, bank settlement, payroll.