Greiðsluupphæð

Greiðsluupphæð is an Icelandic term used in financial and contractual contexts to denote the amount of money that is to be paid. It describes the sum due from a payer to a recipient and can refer to various types of payments, including wages, invoices, loans, or social benefits. The exact meaning of greiðsluupphæð is often determined by the specific contract, agreement, or legal framework in which it appears.

In payroll and employment documents, greiðsluupphæð can refer to the amount paid to an employee, either as gross wages before deductions or as net pay after taxes and contributions, depending on how the contract or local regulations define the term. In invoicing, it is the amount stated on a bill that the buyer owes to the seller. In loan and credit agreements, the term may describe the periodic payment due, such as a monthly installment.

Calculations of the greiðsluupphæð typically rely on contractual terms, rates, hours worked, interest, fees, taxes, and deductions. Contracts or invoices should specify what is included in the amount (for example, taxes, shipping, discounts) to ensure clarity for both payer and payee.

Etymology: the word combines greiðsla (payment) and upphæð (amount). See also terms related to payments, such as laun, reikningur, and greiðslur.