Mar 23, 2023 · What Is an Obligor? An obligor, also known as a debtor, is a person or entity who is legally or contractually obliged to provide a benefit or payment to another.

The meaning of OBLIGOR is one who is bound by a legal obligation. How to use obligor in a sentence.

An obligor is a person within the law of secured transactions that, with respect to an obligation secured by a security interest in or an agricultural lien on some collateral owes payment or …

OBLIGOR definition: 1. a person or group who must give something such as a payment or benefit to someone, according to…. Learn more.

When someone owes payment or benefit to another person or entity, they are referred to as the obligor. Find out the definition and the required duties.

An obligor is a person or entity that has a legal responsibility to fulfill an obligation, such as making a payment or performing a service. This term is often used in contracts and …

Define obligor. obligor synonyms, obligor pronunciation, obligor translation, English dictionary definition of obligor. n. One who is under obligation to another by contract or legal agreement.

Definition of "obligor" An individual or organization that is bound to fulfill a commitment to another party ; How to use "obligor" in a sentence. The obligor failed to make the promised payment in …

(ah-bluh-gore) n. the person or entity who owes an obligation to another, as one who must pay on a promissory note. Legal definitions serve as the cornerstone of legal interpretation, providing …

A bail bond posted in the course of a criminal action is effective and binding upon the obligor or obligors until the imposition of sentence or other termination of the action, regardless of …