Primary Obligor
/ˈpraɪˌmɛri əˈblɪgɔr/
Definitions
- (n.) The party primarily responsible for fulfilling an obligation, such as repaying a debt, under a contract or financial agreement.
The primary obligor must ensure timely payment to avoid default.
Forms
- primary obligors
Related terms
See also
Commentary
The primary obligor bears the main responsibility distinct from secondary obligors or guarantors, a key distinction in liability allocation.
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.