Obligor,
Definition of Obligor:
An obligor, also known as a debtor, is a person or entity who is legally or contractually obliged to provide a benefit or payment to another. In a financial context, the term "obligor" refers to a bond issuer who is contractually bound to make all principal repayments and interest payments on outstanding debt. The recipient of the benefit or payment is known as the obligee.
A person who is bound to another by contract or other legal procedure.
Obligated party (bond issuer, borrower, debtor, insurer, etc.) who has an obligation to repay a debt, make a payment, do something, or to refrain from doing something, under the terms of an agreement. Also called promisor.
An obligor is a person who is legally bound to another. Debt holders are the most common types of obligors. However, in addition to the required repayment of interest and principal, many holders of corporate debt are also contractually required to meet other requirements. For a bondholder, these are called covenants and are outlined in the initial bond issue between the obligor and obligee.
How to use Obligor in a sentence?
- If you ever find yourself as the obligor you need to pay off what you owe so that you keep your good reputation in tact.
- In family law, there are certain cases when a court order is handed down—in a divorce settlement, for example—that requires one of the parents, the obligor, to pay child support to the other parent.
- An obligor is a person or entity who is legally or contractually obliged to provide a benefit or payment to another.
- Prime Group had given an indemnity as a principal obligor, and not just a guarantor, to the Respondents in respect of the tenants obligations under one of the Leases.
- An affirmative covenant is something that the obligor is required to do, such as the need to hit specific performance benchmarks.
- The obligor was unable to make anymore payments for the vehicle, so the bank had it repossessed the following week.
- I was the obligor , so that meant I would be the one that would pay and I would be the one that would be held liable if we did not.
Meaning of Obligor & Obligor Definition
Obligor,
What is Obligor?
Obligor means: An individual or organization subject to other responsibilities. In a debt situation, the party, commonly known as the principal, buys security to protect the party, which binds it. For example, in the case of performance guarantees, the debtor is the contractor, who performs the work specified for the client.
Obligor can be defined as, A debtor, also called a debtor, is a legal entity that is legally or by contract obligated to provide services or other payments. In a financial context, the term lender refers to the issuer of a bond that is bound by an agreement to pay all principal and interest on the outstanding loan. The ■■■■■■■■■■■ or the recipient of the payment is called a murderer.
- A debtor is an individual or legal entity that is legally or contractually bound to provide services or other payments.
- A positive responsibility is something that the debtor must do, such as meeting certain performance standards.
- In family law, there are cases where a court order is issued (for example, in a divorce agreement) requiring one parent, the debtor, to pay care to the other parent.
A simple definition of Obligor is: Suicide attack term for lenders or companies. Also known as Maine.
Obligor refers to Commonly referred to as principal, it is a responsibility. The customer and the guarantor are the guarantors for the guarantee.
Meanings of Obligor
A person who is bound by another person through an agreement or other legal process.
Sentences of Obligor
Prime Group provided the plaintiff with a central lender and not just a guarantee of compensation for the tenant's obligations under a lease.
Obligor,
Obligor Definition:
One person or organization is subject to other responsibilities. In a debt situation, the party, commonly called the prince, buys bonds to protect the borrower. In terms of performance guarantees, for example, the debtor is the contractor who performs the work provided in the bid for the project.
A debtor, also called a debtor, is a legal or legal entity that is legally or contractually bound to services or other payments. In financial terms, the term debtor refers to the issuer of a bond that agrees to pay all principal and interest on the outstanding debt. The ■■■■■■■■■■■ or the recipient of the payment is called a murderer.
- A debtor is an individual or legal entity that is legally or in agreement to provide services to or pay for other people.
- Positive engagement represents the debtor's responsibilities as well as fulfillment of certain performance standards.
- In family law, there are cases where a court order is issued (for example, in a divorce agreement) in which one parent, the debtor, the other parent is required to pay care.
Meanings of Obligor
A person who is indebted to or bound by another person through an agreement or other legal process.
Obligor,
How Do You Define Obligor?
Obligor refers to An individual or organization subject to other responsibilities. In a debt situation, the party, commonly called the prince, buys bonds to protect the borrower. In the case of performance guarantees, for example, the lender is the contractor who must perform the work provided in the project bid.
A debtor, also called a debtor, is a legal or legal entity that is legally or contractually bound to provide services or other payments. In the financial context, the term lender refers to a bond issuer who is bound by a principal and interest payment agreement on the outstanding loan. The one who pays or pays is called obligatory killer.
- A debtor is an individual or legal entity that is legally or contractually obligated to provide services or make payments to other persons.
- A positive liability represents the debtor's liability as well as fulfillment of certain performance standards.
- In family law, there are cases where a court order (for example, in a divorce settlement) requires one parent to pay custody of the child to the other parent.
You can define Obligor as, Usually called a parent, someone you meet. In fact, the customer and the guarantor are responsible on the basis of the guarantor.
Meanings of Obligor
Any person who is indebted to or bound by another person through an agreement or other legal process.
