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obligor |
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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 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. |
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| ``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. A change in the obligor, including the addition or deletion of a co-obligor, is an exception to this rule (Regs. The obligor must pay tax on any income generated by the property. |
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