obligee

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Obligee

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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

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.

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.

obligee

a person in whose favour an OBLIGATION, contract, or bond is created; a creditor.
Collins Dictionary of Law © W.J. Stewart, 2006
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