Endurkaup

Endurkaup is an Icelandic legal and financial term meaning "buyback" or "redemption." It refers to a contractual mechanism that allows a party to reacquire an asset or restore a prior financial position under predefined terms. The word combines endur- (“again”/“back”) with kaup (“purchase”). The exact meaning and operation of an endurkaup clause vary by context and contract.

In real estate or consumer sales, an endurkaup clause may give one party a right to repurchase the property or goods from the other party within a specified period and at a predetermined price, subject to the terms of the agreement and applicable law.

In lending or securities markets, endurkaup appears as a form of redemption or buyback provision, allowing early repayment or repurchase of obligations or securities under prearranged conditions, often with adjustments for interest, fees, or market value.

In insurance or pension products, endurkaup can denote provisions that allow the restoration of previously surrendered or altered benefits, or the reinstatement of certain rights under stated conditions.

Regulation and interpretation depend on the governing contract and Icelandic law. Consumer protection and financial regulations may require clear disclosure of terms, costs, and consequences of exercising an endurkaup option.

See also: buyback, redemption, call option, put option.