lainaottaja
Lainaottaja is a Finnish term referring to the borrower in a loan agreement. It designates a natural person or legal entity that receives funds from a lender (lainanantaja) with obligation to repay according to agreed terms. The term is used in everyday speech, contracts, and financial documentation to distinguish the borrower from the lender.
A loan agreement describes the borrowed amount, interest rate, repayment schedule, fees, and any collateral or
Loans can be unsecured or secured; common forms include consumer loans, mortgage loans, student loans, and business
Regulation: In Finland, loan contracts are governed by general contract law and consumer protection rules. Authorities
Etymology and usage: "ottaja" means taker or receiver, hence "lainaottaja" is borrower.