võlgnikuga

Võlgnikuga is a term used in Estonian law to refer to a person who is obligated to repay a debt. The term is derived from the Estonian words "võlg" meaning debt, and "nikuga" meaning with or to. In legal contexts, a võlgnikuga is the debtor or the party that owes money to another party, known as the võlguandja, which translates to creditor or the party that lends money. The relationship between a võlgnikuga and a võlguandja is governed by various legal principles, including contract law, debt collection law, and bankruptcy law. The term is used to describe the legal status and obligations of the debtor in a financial transaction. It is important to note that the term võlgnikuga is specific to Estonian legal terminology and may not have a direct equivalent in other languages or legal systems.