greiðslufalli

Greiðslufalli is an Icelandic term used in finance, law, and accounting to refer to the event or moment when a payment is made or when a payment obligation is triggered. The word is a combination of greiðsla, meaning payment, and fall, meaning case or event, reflecting its function as a marker for when a payment occurs within a contract, accounting record, or legal framework.

In practice, greiðslufalli can denote the date on which a cash outflow occurs, the due date for installments in a loan, the date a salary is disbursed, or the moment a benefit under a contract becomes payable. The concept is used to situate payments in time for financial reporting, budgeting, and contractual compliance.

Usage of the term is primarily technical and formal, found in financial statements, legal documents, and administrative texts rather than in everyday speech. When translated, it is often rendered as "payment event" or "time of payment," depending on context. Related Icelandic terms include those for payment and settlement, though spezifc usage may vary by industry and document type.