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.

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 ...

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

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

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.

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.

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.

(ah-bluh-gore) n. the person or entity who owes an obligation to another, as one who must pay on a promissory note. Legal definitions serve as the cornerstone of legal interpretation, providing clarity and precision within legal texts, statutes, and regulations.

Mar 20, 2024 · An obligor, often referred to as a debtor, is an individual or entity legally bound to provide a benefit or payment to another party. In finance, an obligor is commonly a bond issuer obligated to make principal and interest payments on outstanding debt.

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