| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,804,524,053 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
obligee |
Also found in: Dictionary/thesaurus, Financial, Wikipedia | 0.03 sec. |
|
The individual to whom a particular duty or obligation is owed. The obligation might be to pay a debt or involve the performance or nonperformance of a particular act. The term obligee is often used synonymously with creditor. obligee (ah-bluh-jee) n. the person or entity to whom an obligation is owed, like the one to be paid on a promissory note. obligee noun bestower, financier, grantor, lender, lessor, mortgage holder, mortgagee How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
|
| ? Mentioned in | ? References in periodicals archive | ||
|---|---|---|---|
| What is unfortunately certain is that landlords and obligees under guaranties and other contracts will have to consider carefully the impact of allowing a default to be cured rather than immediately exercising all rights available at the time, including immediately engaging outside counsel and perhaps commencing litigation as a defensive measure prior to any resolution of defaults. However, if the obligee (seller) dies before the note is paid off, the note is cancelled. 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. |
| Legal Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|