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The individual who owes another person a certain debt or duty.

The term obligor is often used interchangeably with debtor.

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


(ah-bluh-gore) n. the person or entity who owes an obligation to another, as one who must pay on a promissory note.

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


a person who binds himself by contract to perform some OBLIGATION; a debtor.
Collins Dictionary of Law © W.J. Stewart, 2006
References in periodicals archive ?
There must be at least three parties --an issuer, an obligor, and a debt holder or trustee--to the transaction.
This loss protection is primarily provided by surplus annual obligor repayments and reserves.
obligor, and this remission might be "included in a transaction or
Q: What is the effect if the negligence or fault of obligor coincided with the occurrence of the fortuitous event?
Where the primary obligor has defaulted on its obligations and the guarantor notifies (or warns) the lender that such a default has occurred, the lender has six months from the date of notification to commence enforcement proceedings.
Key Words: Portfolio diversification, idiosyncratic default risk, obligor concentration, Vasicek single common factor model of credit risk, credit value at risk, Basel bank capital requirements
When municipal obligors become stressed it is difficult for most investors to learn in a timely manner, potentially putting their portfolio at a greater risk.
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.
Adverse economic conditions and changing circumstances, however, are more likely to lead to a weakened capacity of the obligor to meet its financial commitment on the obligation.
[Y.sub.i: default indicator for ith obligor; if ith obligor defaults, [Y.sub.i] = 1, otherwise 0;
The previous guidelines failed to incorporate in a substantive way the obligee's income in determining the amount to be paid by the obligor.
Called Moody's CreditView US Public Finance, the solution provides insight into an issuer, obligor or sale with a new, easy-to-navigate interface, Moody's said.