Loobumismääral

Loobumismääral is an Estonian term that translates to "amount of waiver" or "waiver amount." It refers to the specific sum of money that a party agrees to forgo or give up in a contractual or legal context. This concept typically arises when a creditor or claimant voluntarily chooses not to pursue the full amount owed to them.

The act of waiving a portion of a debt or claim can occur for various reasons. It might be a strategic decision to facilitate a quicker settlement, to maintain a business relationship, or as part of a negotiated agreement. For instance, in debt collection, a creditor might accept a lower lump sum payment than originally owed in exchange for immediate resolution, thus waiving the remaining balance. Similarly, in insurance claims, an insurer might agree to pay a claim that slightly exceeds a certain threshold by waiving the difference above that amount to expedite the process for the policyholder.

The legal enforceability of a waiver depends on its clarity and the intent of the party making it. A clear and unequivocal statement of intent to waive a certain amount, often documented in writing, is usually required. The principle behind loobumismääral is that parties can, within legal bounds, voluntarily relinquish their right to a portion of a financial entitlement. It is distinct from a settlement where both parties may make concessions, as loobumismääral specifically denotes a unilateral decision by one party to give up a part of their claim.