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 (ŏb′lĭ-gôr′, -jôr′)
One who is under obligation to another by contract or legal agreement.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.


1. (Law) a person who binds himself or herself by contract to perform some obligation; debtor
2. (Law) a person who gives a bond
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014


(ˌɒb lɪˈgɔr, ˈɒb lɪˌgɔr)

a person who is legally obligated to another.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
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References in periodicals archive ?
Additionally, some issuers enter into lease-like "associated arrangements" in which they hold legal title to assets that are purchased or constructed with the conduit debt proceeds and receive payments from the obligor for its use of that underlying asset.
Both senior and subordinate bonds are secured by pledged obligor repayments.
principal obligor, which is presumptively gratuitous, to be gratuitous
A: If the negligence or fault of the obligor coincided with the occurrence of the fortuitous event, and caused the loss or damage or the aggravation thereof, the fortuitous event cannot shield the obligor from liability for his negligence.
Under article 824 of the Civil Code the creditor must first exhaust its remedies against the primary obligor before taking enforcement measures against the guarantor.
Most credit portfolios contain obligor concentration risk and yet international bank regulatory capital rules and many industry models assume perfect diversification.
The Introductory Price for the MuniFocus service for an obligor is $29.99 for an entire 52-week period and includes available current year budget, CAFR and first audits as well as weekly updates of Budget or Finance committee meeting agendas, minutes and support documents.
According to the bond credit rating scale, a Caa3 rating means that "the obligor is currently vulnerable, and is dependent upon favourable business, financial, and economic conditions to meet its financial commitments," while a B3 rating means that "the obligor is less vulnerable in the near term than other lower-rated obligors.
The facility is a pioneering landmark transaction that enabled the obligor to successfully securitise its future receivables guaranteed by multinational oil and gas companies (MNOCs).
The obligor's capacity to meet its financial commitment on the obligation is very strong.
Eventually, we put parameters of [mu], [sigma], and L into (4) to obtain default probability of every single obligor at time T.
Under the previous formula and guidelines, an obligor paid child support based on a percentage of his or her net income.