Home > Terms > English, UK (UE) > Obligor

Obligor

Obligated party (bond issuer, borrower, debtor, insurer, etc.) who has an obligation to repay a debt, make a payment, do something, or to refrain from doing something, under the terms of an agreement. Also called promisor.

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  • Part of Speech: noun
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  • Industry/Domain: Law
  • Category: Contracts
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