ettemaksed
Ettemaksed is an Estonian term for payments made in advance of delivering goods or services. The plural ettemaksed is commonly translated as prepayments or advance payments. They are used to secure a sale, reserve a service, or cover initial costs in a project.
In practice, ettemaksed appear in real estate transactions, construction contracts, event bookings, supplier arrangements, and consumer
Legal framework and terms are governed by the Estonian Law of Obligations Act, and contracts should clearly
Accounting treatment: for the payer, ettemaksed paid for future goods or services are usually recorded as a
Practical considerations include specifying refund conditions, documenting terms in writing, and keeping receipts. In Estonia, value-added