Definition of obligee in English:


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


  • 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.

More definitions of obligee

Definition of obligee in:

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day maelstrom
Pronunciation: ˈmālˌsträm
a powerful whirlpool in the sea