Käendamised
Käendamised is a Latvian term that broadly refers to the act of pledging or offering something as security for a debt or obligation. It is a legal concept deeply rooted in Latvian civil law, particularly concerning property and financial transactions. The core idea behind käendamised is to provide assurance to a creditor that the debt will be repaid or the obligation fulfilled. If the debtor fails to meet their responsibilities, the pledged asset can be claimed by the creditor to satisfy the outstanding debt.
There are several forms that käendamised can take. One common form is a mortgage, known in Latvian
The purpose of käendamised is to facilitate credit and financial transactions by mitigating risk for lenders.