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 ?
NJEIT maintains formal procedures in monitoring obligor performance.
While the super senior bonds are still able to withstand the loss of cash flow from the defaulted obligor under a AAA rating stress scenario, the "negative" watch reflects the potential downward rating migration of the super senior bonds should more than one of the three remaining credit-impaired obligors fail to honour their debt commitments, the agency said.
A guarantor who becomes the primary obligor on the liability can deduct accrued interest.
The obligor concentration matrix detailed within Fitch's equipment lease and loan criteria evaluates the default of the top 20, 17, 14 and 11 concentrations at 'AAAsf', 'AAsf', 'Asf', and 'BBBsf', respectively.
An obligor or a debt liability with uaBBB credit rating is characterised with sufficient creditworthiness as compared to other Ukrainian obligors or debt liabilities.
Liquidity Pool: The transactions contain a liquidity pool, their only cross-collateralised feature (excluding the ratchet account component, which is not cross-collateralised), which is available to service the interest or principal on the notes, if an obligor fails to pay interest or principal on their respective debt obligation when due.