Maksuaika

Maksuaika is the period allowed to pay a sum of money after an invoice or other payment obligation. It is typically defined in a contract, in the terms of sale, or on the invoice itself, and is commonly stated as a number of days (for example, 14, 30, or 60).

Practically, maksuaika begins on a defined start date, usually the date of invoice issuance or delivery, and ends on the agreed due date. If the due date falls on a weekend or a public holiday, many agreements specify that payment should be made on the next business day. If no maksuaika is stated, the terms may be governed by applicable law or by customary business practice, which can vary by jurisdiction and sector.

Maksuaika is closely related to the concept of the due date, but it refers to the length of time granted to pay rather than the exact calendar date. In commercial transactions, the terms are set by contract and invoice; in consumer transactions, consumer protection rules may require clear disclosure of payment terms and any charges for late payment.

If payment is not made within the maksuaika, the creditor may impose late payment charges, such as interest on the overdue amount and, where allowed, collection costs, in accordance with the contract and applicable law. The specific rights and obligations concerning payment terms, reminders, and enforcement depend on the governing jurisdiction and the nature of the transaction.

See also: payment term, invoice, credit period.