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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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THE Chairman of Independent Corrupt Practices and Other Related Offences Commission (ICPC), Professor Bolaji Owasanoye disclosed plans by the commission to collaborate with Asset Management Corporation of Nigeria (AMCON) towards the recovery of N5trillion owed AMCON by obligors. He made the declaration when he received the Board and Management of AMCON led by the Corporation's Board Chairman, Dr Muiz Banire.
As the name implies, issuers in conduit debt transactions primarily serve as channels between lenders and the third parties (other governments and nonprofits such as colleges and hospitals are frequent beneficiaries) that receive the proceeds of loans and are primarily responsible for repaying them ("third-party obligors," or simply "obligors").
Pool obligors are secured by borrowers' general obligation and/or utility revenue pledges.
there is one obligee and there are at least two obligors. (9) Often, in
It also directly identifies the obligors that are the biggest source of concentration risk.
When municipal obligors become stressed it is difficult for most investors to learn in a timely manner, potentially putting their portfolio at a greater risk.
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.
For large portfolios of tens of thousands of obligors there remains considerable model risk.
The second significant benefit to high-income earning obligors is the reduction in the percentage of combined net income devoted to child support once it exceeds $60,000.
Moody's CreditView US Public Finance includes a streamlined bond selection tool that displays both issuer and obligor. Users can scan the issuers, obligors and sales more quickly and easily, without having to switch between multiple views.
When you receive notices to payor or income deduction notices requiring that the income of two or more obligors be deducted and sent to the same depository, the payor may combine the amounts that are to be paid to the depository in a single payment as long as the payments attributable to each obligor are clearly identified.