Definitions for "Obligor" Add To Word List
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The person who binds himself, or gives his bond to another.
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A person who is contractually or legally committed or obliged, to provide something to another person. The recipient of the benefit is called the obligee. Also known as the "promisor."
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A term used in surety bonds to refer to the individual or firm bound by an obligation. Also known as the "principal."
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To the Top A party who places himself under a legal obligation to perform; in acceptance financing, the party who is obligated to repay the accepting bank for payment of the bankers' acceptance at maturity.
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Keywords: Custodial, Child, Owe, Duty, Support
An individual or company that owes debt to another individual or company (the...
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The individual who owes or is alleged to owe child support. This term includes alleged or putative fathers whose paternity of the child(ren) has not yet been established.
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A person who has an obligation to pay off a debt.
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The person who is obliged to pay child support or perform some other obligation.
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string Simple A description of the obligor (debtor).
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Refers to a person who has a legal obligation to pay a debt, such as a borrower of money, a credit customer of a business supplier or retailer, or an issuer of bonds. Also referred to as a debtor or obligator.
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The account debtor. The individual or company that is liable for a debt created by the acceptance of goods or services from the account creditor.
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A debtor.... read full article
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Any party with an obligation to discharge; usually used to refer to a borrower.
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The party who agrees to pay a fee, monies or benefits as a result of the actions of an obligation.
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Refers to the party that must satisfy an offset obligation
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