Mar 23, 2023 · What Is an 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.

The meaning of OBLIGOR is one who is bound by a legal obligation. How to use obligor in a sentence.

An obligor is a person within the law of secured transactions that, with respect to an obligation secured by a security interest in or an agricultural lien on some collateral owes payment or other performance of the obligation, has provided property other than the collateral to secure payment or other performance of the obligation, or is ...

OBLIGOR definition: 1. a person or group who must give something such as a payment or benefit to someone, according to…. Learn more.

Definition of "obligor" An individual or organization that is bound to fulfill a commitment to another party ; How to use "obligor" in a sentence. The obligor failed to make the promised payment in time. In the contract, the company was named as the obligor for providing scheduled services.

When someone owes payment or benefit to another person or entity, they are referred to as the obligor. Find out the definition and the required duties.

Define obligor. obligor synonyms, obligor pronunciation, obligor translation, English dictionary definition of obligor. n. One who is under obligation to another by contract or legal agreement.

Feb 14, 2025 · In financial agreements, the obligor, or debtor, is responsible for fulfilling the financial obligation, typically involving payments. For instance, in a mortgage, the homeowner is the obligor, required to make regular payments to the lender, who is the obligee.

An obligor is a person or entity that has a legal responsibility to fulfill an obligation, such as making a payment or performing a service. This term is often used in contracts and agreements where one party owes something to another.

Obligor. The individual who owes another person a certain debt or duty. The term obligor is often used interchangeably with debtor.