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Obligor

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.06 sec.

The individual who owes another person a certain debt or duty.

The term obligor is often used interchangeably with debtor.

obligor (ah-bluh-gore) n. the person or entity who owes an obligation to another, as one who must pay on a promissory note.
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? References in periodicals archive
``We've found that more obligor parents will come forward and voluntarily satisfy their debt if compromise and reason are used in determining the amount owed,'' said Leah Rochford, the department's assistant division chief in its Palmdale office.
CHILD-SUPPORT COLLECTIONS UP WITH GENTLER STATEWIDE RULES by Daily News (Los Angeles, CA)
A change in the obligor, including the addition or deletion of a co-obligor, is an exception to this rule (Regs.
No federal income tax consequences for release of co-obligor on debt ... by Sair, Edward A. / The Tax Adviser
The obligor must pay tax on any income generated by the property.
Going public with private annuities by Fiore, Nicholas J. / Journal of Accountancy
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