party who has an obligation to pay a debt, including interest due, by a specified date, or when repayment is demanded. The obligor (also known as obligator) is the debtor or borrower; the party advancing the funds is the lender, creditor, or obligee. In corporate securities, the obligee is the bondholder and the issuing organization is the debtor.
person who binds himself to another; one who has engaged to perform some obligation; one who makes a bond.
one who has an obligation, such as an issuer of bonds, a borrower of money from a bank or another source, or a credit customer of a business supplier or retailer. The obligor (obligator, debtor) is legally bound to pay a debt, including interest, when due.
individual or other entity who has promised to perform a certain act. For example, an insurance company promises to pay a death benefit if a life insurance policy is in force at the time of the death of an insured.
the person who binds himself or herself to another; one who has engaged to perform some obligation; one who makes a bond.
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