obligation

Definition

Any debt, written promise, or duty.

Use obligation in a sentence

I try to limit my obligations because I want to avoid debt and keep as much money as possible, limiting any interest payments.

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My company was asked to repay a debt it had owed from a long-ago obligation incurred by the previous owner that none of us had ever known about.

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Now that I decided to own a bunch of animals it is my obligation to look after them, feed and water them, and provide play and comfort and safety for them.

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cash bond collateralized borrowing and lending obligation (CBLO)