Definition of obligee in English:

obligee

Line breaks: ob¦li|gee
Pronunciation: /ˌɒblɪˈdʒiː
 
/

noun

Law
  • A person to whom an obligation is owed under a contract or other legal procedure. Compare with obligor.
    More example sentences
    • The surety in a construction bond has three options: complete the work itself; retain a contractor to complete the work; or permit the obligee to complete the contract and pay any increased cost of such work.
    • They also appear to assume that joint obligees are each entitled to one-half of the obligation.
    • Each participant with a loan being rolled over should execute an acknowledgment that the acquiring firm will be substituted as the obligee on the loan.

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