Obligor
/ˈɑːblɪɡər/
Definitions
- (n.) A party legally bound to another to perform an obligation; the debtor.
The obligor is required to repay the loan under the terms of the contract.
Forms
- obligors
Related terms
See also
Commentary
Often appears in contract and finance law; distinguishes from obligee, who is the party entitled to performance.
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.