Debt Obligation
/ˈdɛt əˌblɪˈgeɪʃən/
Definitions
- (n.) A legal duty or liability to repay a sum of money or fulfill a financial promise, typically documented in a contract or instrument.
The borrower breached the debt obligation by failing to make timely payments.
Forms
- debt obligation
- debt obligations
Related terms
See also
Commentary
Debt obligations frequently appear in financing and securities transactions, requiring careful identification of terms and enforceability conditions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.