Greiðandi

Greiðandi is an Icelandic term formed from the verb greiða, meaning to pay or settle money. Grammatically, greiðandi functions as both a present-participle adjective and a noun. As an adjective, it describes someone or something that is paying; as a noun, it refers to the party that makes a payment in a financial transaction. In invoices and contracts the term commonly marks the payer.

In practice, greiðandi designates the payer or paying party, contrasted with the recipient or beneficiary of the funds. In Icelandic financial documents you may see phrases such as greiðandi aðili (the payer) or the word greiðandi used on its own. The exact role can vary with context: the payer may be responsible for meeting payment terms, or for disbursing the funds, depending on the agreement.

Origin and related terms: The word comes from greiða; the -andi suffix forms a present-participle and an agent noun. Related terms include greiðsluaðili (the payment agent or payer), greiðslur (payments), and viðtakandi (recipient). The term is most common in formal or technical contexts such as banking, accounting, and contract language, rather than in everyday speech.

Notes: In ordinary Icelandic, speakers may refer more descriptively to “the one who pays” rather than using a fixed noun. Nevertheless, greiðandi remains a standard label for the payer in many official documents and discussions of financial transactions. See also related financial terms in Icelandic to distinguish the payer from the recipient and other payment roles.