Korvattavaan

Korvattavaan is a Finnish word that translates to "redeemable" or "compensable" in English. It is often used in contexts related to financial instruments, legal agreements, or situations where a right or value can be exchanged for something else, typically money or another form of compensation. The root of the word is "korvata," meaning to compensate or replace.

In finance, a korvattavaan bond, for example, might refer to a bond that can be redeemed before its maturity date by the issuer or the bondholder under certain conditions. The terms of redemption, including any premium or discount, would be specified in the bond's indenture. Similarly, in insurance, a deductible might be considered a "korvattavaan" amount, meaning it's the portion of a loss that the insured must cover before the insurance company's liability begins.

The concept of "korvattavaan" implies a pre-defined value or a mechanism for determining value that allows for a future exchange. It suggests a potential for recovery or reimbursement. The specific meaning can vary depending on the legal or financial framework in which the term is used, but the core idea remains consistent: something that can be made good or paid back.