Skolos

Skolos is a Lithuanian noun meaning debt or loan. In Lithuanian grammar, skolos is the plural nominative form of skola, used to denote multiple debts or liabilities. The singular form skola refers to a single debt or loan.

Usage and context

Skolos is widely used in finance, accounting, law, and everyday speech. It can describe personal debt, corporate liabilities, or public sector arrears. In compound phrases, it appears in contexts such as debt size, repayment, or arrears. Common examples include grąžinti skolą (to repay the debt) and mokesčių skolos (tax debts). The term is used to discuss both outstanding balances and the broader burden of liabilities on an individual or organization.

Types and terminology

Debts can be categorized by term (short-term vs long-term), by creditor (bank, supplier, government), or by status (arrears, overdue, interest-bearing). In Lithuanian financial language, phrases like skolos dydis (the amount of debt) or įsiskolinimas (indebtedness) are frequently encountered. Skolos may be addressed through repayment plans, renegotiation, or legal action, depending on the creditor and jurisdiction.

Etymology

The word skola is the root of skolos, with origins in the Lithuanian lexicon and related Baltic-language vocabulary. The exact historical development is discussed in linguistic references, but skola and its plural form skolos have long been established in modern Lithuanian to denote debts and loans.