Maksepäevi

Maksepäevi is an Estonian term referring to the days on which payments are due under a contract, invoice or agreement. The form maksepäevi is used when talking about several due dates, for example in installment plans or across a set of invoices.

Usage and context

Maksepäev (singular) designates the due date by which a payment must be made. In invoices, loans, leases and service agreements, the contract or invoice specifies one or more maksepäevad. Common formulations include “maksepäev 30 päeva arvates arve esitamisest” or “maksepäev iga kuu 15.” The exact dates are defined in the relevant document, and they determine when a payment is considered late.

Consequences and related terms

If a payment is not received by a maksepäev, the creditor may apply late fees or interest and may take steps to collect the debt or suspend services, depending on the contract and applicable law. Maksepäevade concept is closely related to other terms such as maksetähtaeg (payment deadline) and viivis (late charges or interest), which govern penalties and remedies for late payment.

Examples and practical use

In consumer or business transactions, a single maksepäev might be stated for a one-time payment, while installment agreements specify a series of maksepäevad, one for each installment date. In accounting and cash flow planning, tracking maksepäevi helps determine when cash inflows are expected and when late payments could affect liquidity.

Legal and linguistic notes

Maksepäev is the standard term in Estonian financial and legal language for when payments are due. The term is widely understood by contracting parties, lenders, suppliers and debtors within Estonia.