obligor

Definition

An individual or company that owes debt to another individual or company (the creditor), as a result of borrowing or issuing bonds. also called debtor.

Use obligor in a sentence

I was the obligor which meant that I owed money to the other person and had to pay it, or be thrown out.

​ Was this Helpful? YES  NO 10 people found this helpful.

We were forced to seek legal remedy against the obligor for an outstanding accounts payable balance they had incurred.

​ Was this Helpful? YES  NO 6 people found this helpful.

The City of New Brook, as obligor to The Foundation for Civic and Economic Development, had to provide a monthly report of how it is using the bonds lent to it by the Foundation.

​ Was this Helpful? YES  NO 3 people found this helpful.

Show more usage examples...

Related Terms

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
obligee joint bond