päävelallinen
Päävelallinen is a Finnish legal term used to describe the party who bears primary liability for a debt or obligation. The term translates roughly as "main debtor" or "principal debtor" and refers to the person who is primarily responsible for fulfilling the contractual obligation to the creditor. In contracts that involve several potential liable parties, the päävelallinen is the one the creditor may pursue first for performance.
In practice, a debt may involve a päävelallinen alongside other parties such as a takaaja (guarantor) or
Etymology and usage: The word combines pää (head, main) and velallinen (debtor). It is primarily found in