Obligor meaning

ŏblĭ-gôr, -jôr
One who is under obligation to another by contract or legal agreement.
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(law) A person who binds himself to another by contract.
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The person owing the money, service, or goods. See also obligee.
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(law, finance) The party bearing a legal obligation to another party, the obligee.
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Origin of obligor

  • oblige +"Ž -or

    From Wiktionary