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obligor

Line breaks: ob¦li|gor
Pronunciation: /ˈɒblɪɡɔː
 
, ˌɒblɪˈɡɔː
 
/

Definition of obligor in English:

noun

Law
A person who owes or undertakes an obligation to another by contract or other legal procedure. Compare with obligee.
Example sentences
  • Prime Group had given an indemnity as a principal obligor, and not just a guarantor, to the Respondents in respect of the tenant's obligations under one of the Leases.
  • Certainly if the agreement is governed by English law our courts can enforce the obligation, if necessary by ordering the obligor to sign the requisite documents.
  • The clause had as its primary focus legislation designed to repudiate or adjust pre-existing debtor-creditor relationships that obligors were unable to satisfy.

Definition of obligor in:

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