Hyvitettävä

Hyvitettävä is a Finnish word that translates to "compensable" or "eligible for compensation" in English. It refers to something that can be paid for or reimbursed due to a loss, damage, or entitlement. The term is commonly used in legal, insurance, and financial contexts.

In legal and insurance settings, hyvitettävä often describes expenses or damages that a party is liable to pay or a policy is designed to cover. For instance, if a car is damaged in an accident, the repair costs might be deemed hyvitettävä by the insurance company, meaning they are eligible for compensation under the policy. Similarly, certain types of damages awarded in court can be hyvitettävä, meaning the losing party must compensate the injured party.

In a broader financial sense, hyvitettävä can also apply to costs that are permissible for reimbursement, such as business expenses that an employer will cover. It signifies that a cost or loss is recognized as valid and subject to financial redress or recovery. The core concept is that there is a justifiable reason for payment or reimbursement to be made.