Tasumine

Tasumine is an Estonian noun meaning payment or settlement. It derives from the verb tasuma, to pay. In general usage, tasumine refers to the act of paying money to another party in exchange for goods, services, or to fulfil a financial obligation. It can describe a one-time payment, a recurring payment, or the settlement of an invoice or debt.

In everyday life and commerce, tasumine is used for both consumer transactions and business payments. A customer makes tasumine upon receiving a bill or invoice, and the seller records the payment as completed. Payments are commonly settled by bank transfer, card payment, cash, or other methods accepted by the payee.

In legal and financial contexts, tasumine denotes the discharge of an obligation under a contract, invoice, or similar agreement. The terms of tasumine, including timing, method, and any penalties for late payment, are typically specified in contracts, invoices, and applicable laws. If payment is delayed, remedies such as late fees or interest may apply under the relevant agreement or statute.

Related terms include tasuda (to pay), makse (payment or remittance), and arve (invoice). The concept is widely used in Estonian commerce and banking and is analogous to the English term payment or settlement.