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obligor

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 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.

obligor noun borrower, debtor, drawee, loan appliiant, mortgagor, pledgor
Associated concepts: obligor on a note
See also: debtor
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The obligor is the person who is obligated to pay the support ordered by the court and the obligee is the person entitled to receive the support awarded by the court.
Proposed amendments to Family Rules forms by Florida Bar News
The Bank's short term credit rating has also been maintained at 'A-2', with best quality grade, indicating strong capacity of obligor to meet its financial commitment.
Standard &Poor's Maintains 'A-' Rating for Gulf Bank by Albawaba.com
``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)
 
 
 
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