skuldabréfsins
Skuldabréfsins is an Icelandic term that translates to "the bond" or "the promissory note." In essence, it refers to a written agreement where one party, the issuer or debtor, promises to pay a specified sum of money to another party, the holder or creditor, on a certain date or on demand. This legal instrument is fundamental to financial transactions, serving as a formal acknowledgement of debt and the terms of its repayment.
The terms of a skuldabréfsins typically include the principal amount of the debt, the interest rate (if