Tagasimakse
Tagasimakse is the repayment of borrowed funds to a creditor, reducing the outstanding loan balance. It typically includes both principal and interest and can occur as part of a regular payment schedule or as additional payments made outside the standard plan. The term is commonly used in Estonian financial language and appears in loan agreements, credit contracts, and mortgage documents.
In lending, tagasimakse terms are defined in the loan agreement. The repayment schedule specifies when payments
Early or extra repayments, often referred to as prepayments, reduce the remaining balance and can lower the
Failure to meet repayment obligations can lead to penalties, higher interest, or default, which may affect creditworthiness
The concept of tagasimakse is governed by the terms of the loan agreement and applicable financial regulations,