lánveitanda
Lánveitanda is an Icelandic term used primarily in financial and academic contexts to refer to the concept of lending. Depending on usage, it can denote the act of providing a loan or the persons and institutions that supply funds. The word is formed from lán (loan) and veita (to grant) with a nominalizing suffix, producing a noun that can refer to the activity itself or to lenders collectively.
In practice, lánveitanda encompasses banks, credit unions, online lending platforms, and microfinance organizations that extend credit
Regulation: In many jurisdictions, including Iceland, lending is subject to financial regulation, licensing requirements for credit
Economic role and history: Lánveitanda plays a central role in channeling funds from savers to borrowers, supporting
See also: Lending, Credit, Financial regulation, Icelandic financial system.