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obligor

/əˈblɪɡə/

/əˈblɪɡɔr/

obligornoun

obligors

/əˈblɪɡə/

/əˈblɪɡɔr/

Translations

The obligor is required to make payments on the loan.

Должник обязан производить выплаты по кредиту.

Additional translations

Definitions

A person or entity that is legally or contractually bound to provide a payment or service to another party, known as the obligee.

The obligor failed to make the monthly payments on the loan, resulting in a breach of contract.

Synonyms

responsible party

obligoradjective

/ˌɒblɪˈɡɔː/

/ˌɑːblɪˈɡɔr/

Used attributively in legal and financial contexts (e.g., "obligor statement").

Definitions

Relating to, issued by, or characteristic of an obligor.

The lender reviewed the obligor financial statements before extending additional credit.