belayhenkilö
A belayhenkilö, often translated as a guarantor or surety, is a legal concept primarily found in Finnish law. It refers to a person or entity that agrees to be responsible for the debt or obligation of another party. This responsibility is typically undertaken in writing, creating a binding agreement where the belayhenkilö commits to fulfilling the debt if the primary debtor defaults.
The purpose of a belayhenkilö is to provide security for a creditor. By having a guarantor, the
The legal implications for a belayhenkilö can be significant. If the primary debtor fails to pay or