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.

Definition of obligee in: