obligor


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Obligor

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.

obligor

noun borrower, debtor, drawee, loan appliiant, mortgagor, pledgor
Associated concepts: obligor on a note
See also: debtor

obligor

a person who binds himself by contract to perform some OBLIGATION; a debtor.
References in periodicals archive ?
Hussain al-Qemzi, GCEO, Noor Investment Group, and CEO Noor Bank, said, "Islamic financing is asset-backed, which delivers greater security to the obligor and financiers.
The previous guidelines failed to incorporate in a substantive way the obligee's income in determining the amount to be paid by the obligor.
In principle, an obligation to use best endeavours contemplates that the obligor will be required to incur some costs in discharging that obligation, but the extent to which it will be expected to act against its financial interests is a question of fact to be determined in each case.
420 include paying the loan off in full, return of the security on the loan, closing of the loan after the collateral is sold and the obligor defaults, and writing the loan off.
Paragraph 6 must be completed to show what percentage, if any, of a one time payment made to the obligor should be applied to any arrearage in support that may be due to the obligee.
Now we sit down with obligor parents, mostly fathers, and see if we can't work out a happy solution to all the problems involved.
The Associated Obligor Link service provides a 360-degree view of the critical link between securities and obligors so that users can better manage credit risk and exposure and make more informed investment decisions.
1) The borrower is unable to service the existing loan according to its terms and is a resident of a foreign country in which there is a generalized inability of public and private sector obligors to meet their external debt obligations on a timely basis because of a lack of, or restraints on the availability of, needed foreign exchange in the country; and
The obligor must pay tax on any income generated by the property.
Furthermore, Fitch will continue to monitor the series as the transaction amortizes to assess the impact of increasing obligor concentrations.
Then, the defendant (or its liability insurer) transfers that obligation to its substituted obligor, who thereafter remains liable on the payment obligations.