Nõudusasutus
Nõudusasutus is an Estonian legal term that translates to "creditor institution" or "claimant institution." It refers to a legal entity or a natural person who has a valid claim or right to demand something from another party, known as the debtor. This claim can arise from various legal relationships, such as contracts, torts, or statutory obligations. The nõudusasutus holds the legal standing to initiate legal proceedings to enforce their claim if the debtor fails to fulfill their obligations voluntarily.
The nature of the claim can be diverse, including financial debts, the performance of a specific action,
The process of enforcing a claim by a nõudusasutus typically involves legal mechanisms such as sending demand