võlakirjaomanik
Võlakirjaomanik is an Estonian term that translates to "bondholder" in English. A bondholder is an individual or institution that owns a bond, which is a debt security issued by a borrower (typically a corporation or government) to raise capital. When an entity issues a bond, it is essentially borrowing money from the bondholders.
As a bondholder, you lend money to the issuer for a specified period, known as the maturity
Bondholders have a creditor relationship with the issuer, meaning they are entitled to repayment before equity