obligor | Wex | US Law | LII Legal Information Institute obligor An obligor is a person within the law of secured transactions that, with respect to an obligation secured by a security interest in or an agricultural lien on some collateral owes payment or other performance of the obligation, has provided property other than the collateral to secure payment or other performance of the obligation, or
What Is an Obligor? Definition and Common Scenarios An obligor is a person or entity that holds a legal or contractual duty to another party While the term generally refers to anyone bound by an obligation, its exact legal meaning often depends on the specific area of law or the type of contract involved
Who is obligor and obligee in simple, clear terms? - CGAA An obligor is the person responsible for making payments, typically child support or spousal support This person is usually determined based on income and earning capacity in most divorce cases
What Is an Obligor? - infogulp. com An obligor is a person or entity legally bound to provide payments or benefits to an obligee, commonly seen in debt, bonds, and family law contexts
Obligor Definition - What Does Obligor Mean? History and Meaning of Obligor An obligor is an individual or legal entity who is responsible for fulfilling an obligation or a debt, usually as part of a legal agreement
What is an Obligor? Definition and examples | LawDistrict People who owe a debt are the most typical obligors Another word for an obligor is "debtor " The individual receiving the debt is called the obligee For example, if you take out a loan to buy a car, you are the obligor, and the lending institution is the obligee