Kavandajatele

Kavandajatele is the dative plural form of kavandaja, a term used in Estonian to refer to persons or entities that provide collateral to secure a loan or other obligation. In legal and financial texts, kavandajatele denotes the group of collateral providers who are parties to an agreement and who may have specific duties related to the pledged assets.

Etymology and grammar: kavandaja comes from kavand (collateral, pledge) with the agent suffix -aja, indicating a person involved in the action of pledging. The ending -tele signals the dative plural, so kavandajatele translates roughly as “to/for the collateral providers.”

Role in practice: In lending agreements, kavandajatele are typically responsible for offering assets as security and for ensuring that the collateral remains valid and sufficient to cover the obligation. Their rights and duties are defined in the contract and, where relevant, by Estonian collateral and security law. Depending on the type of collateral, kavandajatele may be required to inform the lender about changes in ownership or value, obtain consent before disposing of the collateral, and cooperate in any enforcement procedures if the borrower defaults.

Related terms: Kavandaja refers to the individual collateral provider (singular). Related concepts include tagatis (security or collateral), tagatisvõlausaldaja (secured creditor), and pant or pledge arrangements. The phrase kavandajatele is most often encountered in formal documents addressing or describing the group of collateral providers as a class.

In summary, kavandajatele is a grammatical form used to refer to collateral providers collectively in Estonian legal and financial contexts. It denotes the addressees or beneficiaries in discussions about pledged security for obligations.