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obligee

   Also found in: Legal, Financial, Wikipedia 0.01 sec.
ob·li·gee  (bl-j)
n.
One to whom another is bound by contract or legal agreement.

obligee [ˌɒblɪˈdʒiː]
n
1. (Law) a person in whose favour an obligation, contract, or bond is created; creditor
2. (Law) a person who receives a bond
Translations
obligee [ˌɒblɪˈdʒiː] N (Jur) → tenedor(a) m/f de una obligación


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The obligor is the person who is obligated to pay the support ordered by the court and the obligee is the person entitled to receive the support awarded by the court.
Unlike the proposed treatment for private annuities, Alternative 1 allows the gain on the sale of the property to be reported over the term of the installment sale, regardless of when the obligee dies.
Obligee - The person to whom the Obligee is bound; usually the Promisee.
 
 
 
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