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obligor

/əˈblɪɡə/

/əˈblɪɡɔr/

Translations

obligornoun

obligors

/əˈblɪɡə/

/əˈblɪɡɔr/

The obligor is required to make payments on the loan.

Должник обязан производить выплаты по кредиту.

Additional translations

Synonyms

responsible party

obligoradjective

/ˌɒblɪˈɡɔː/

/ˌɑːblɪˈɡɔr/

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

obligornoun

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.

obligoradjective

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

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