korkopäivä
Korkopäivä is a Finnish term that translates to "interest day" or "due date for interest payment." It refers to a specific date on which interest payments on a loan or other financial instrument become due and are typically paid to the lender. This concept is fundamental in debt financing, where borrowers agree to pay not only the principal amount borrowed but also a predetermined rate of interest over the life of the loan.
The korkopäivä is usually stipulated in the loan agreement or bond indenture. It can occur on a
Understanding the korkopäivä is crucial for both borrowers and lenders. For borrowers, it signifies when they