Definition of obligor

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August undefined, 2024

WebObligor. The party to an agreement who owes an obligation to another party. An obligation is a requirement, especially a legal one. For example, an investor may have a legal … WebFind the legal definition of OBLIGOR from Black's Law Dictionary, 2nd Edition. The person who has engaged to perform some obligation. Code La. art 3522, no. 12. One who makes a bond....

Obligor definition and meaning Collins English Dictionary

Webobligor - Translation to Spanish, pronunciation, and forum discussions. Compound Forms: obligor: Inglés: Español: several obligor n (law: individually liable) WebObligor — the obligated party. This term refers to a person bound by a legal obligation. For example, the spouse in a child-support determination proceeding responsible for … next chevron gas station

OBLIGOR definition in the Cambridge English Dictionary

WebObligor definition, a person who is bound to another. See more. WebJan 7, 2024 · Definition of Loan Obligor. Loan Obligor means any borrower, co-borrower, guarantor, or other obligor with respect to a Loan. In respect of each Loan, if there is more than one Loan Obligor (husband and wife, for example), references herein to Loan Obligor shall mean any or all of such Loan Obligors, as the context may require. ... WebOct 4, 2024 · An obligor is a person who is legally mandated to do something for someone else. In most cases, they are obliged to pay a debt on schedule as written in a contract. An obligor is often synonymous with a debtor. The one who provides the loan is called the obligee or debtee. Advertisement. millbury savings bank online

OBLIGOR English meaning - Cambridge Dictionary

WebThe meaning of OBLIGOR is one who is bound by a legal obligation. How to use obligor in a sentence. one who is bound by a legal obligation… See the full definition ... Share the … WebThe meaning of OBLIGATOR is obligor. Love words? You must — there are over 200,000 words in our free online dictionary, but you are looking for one that’s only in the Merriam-Webster Unabridged Dictionary.. Start your free trial today and get unlimited access to America's largest dictionary, with:. More than 250,000 words that aren't in our free … millbury savings bank cd ratesWebdefinition. Insured Obligor means each Obligor whose Receivables are insured pursuant to an Insurance Agreement. Insured Obligor means each Obligor listed on Schedule V, the Receivables of which are covered by an Eligible Credit Insurance Policy, which schedule may be amended, modified, restated, supplemented or replaced from time to time with ... millbury shoppes

"WebDefine obligor. obligor synonyms, obligor pronunciation, obligor translation, English dictionary definition of obligor. n. One who is under obligation to another by contract or … " - Definition of obligor

Definition of obligor

Webobligor définition, signification, ce qu'est obligor: 1. a person or group who must give something such as a payment or benefit to someone, according to…. En savoir plus. WebAssignments: The Basic Law. The assignment of a right or obligation is a common contractual event under the law and the right to assign (or prohibition against assignments) is found in the majority of agreements, leases and business structural documents created in the United States. As with many terms commonly used, people are familiar with the ...

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WebDefine obligors. obligors synonyms, obligors pronunciation, obligors translation, English dictionary definition of obligors. n. One who is under obligation to another by contract or legal agreement. American Heritage® Dictionary of the English Language, Fifth Edition. ... a Caa3 rating means that "the obligor is currently vulnerable, ... WebDefine obligors. obligors synonyms, obligors pronunciation, obligors translation, English dictionary definition of obligors. n. One who is under obligation to another by contract …

WebRelated to Ultimate Obligor. Foreign Obligor means a Loan Party that is a Foreign Subsidiary.. Eligible Obligor means, on any day, any Obligor that satisfies each of the following requirements:. Obligor on the indenture securities means the Issuer and any other obligor on the indenture securities. All other TIA terms used in this Indenture that are … WebObligor. In the law of secured transactions, a person that, with respect to an obligation secured by a security interest in or an agricultural lien on some collateral owes …

WebSep 2, 2024 · The obligor is the other original party to the contract and is obligated to do something under the terms of the contract. In our scenario, you are the obligor. You're obligated to pay me once I ... Web(25) "Consumer obligor" means an obligor who is an individual and who incurred the obligation as part of a transaction entered into primarily for personal, family ... The term …

WebOct 4, 2024 · An obligor is a person who is legally mandated to do something for someone else. In most cases, they are obliged to pay a debt on schedule as written in a contract. …

WebDefine Dealer Obligor Liabilities. means all debts, obligations and liabilities of any kind, whether fixed, contingent, joint, several, combined or otherwise, now or hereafter existing, regarding Contracts Sold as of November 21, 2001 (involving a Valued Dealer where any Warrantech Entity receives or received administrative fees but no Warrantech Entity or … next childrenWebThe obligor is a company that sells bonds, and sometimes insurance policies as well, to principals who must be bonded in order to bid on projects offered by obligees. After … next childrens hats and glovesWebobligor: The individual who owes another person a certain debt or duty. The term obligor is often used interchangeably with debtor. next childers road limerickWebFeb 28, 2024 · Davies. JC Smith's The Law of Contract (2024 3 ed). p. 478 is part of the Glossary. Obligee a party to whom an obligation is owed. Obligor a party who owes an obligation. Offeree a party receiving an offer. Offeror a party making an offer. Promisee a party to whom a promissory obligation is owed. Promisor a party who owes a … millbury shoppingWebObligor definition: a person who binds himself or herself by contract to perform some obligation ; debtor Meaning, pronunciation, translations and examples millbury savings bank routing numberWebobligor. An obligor is a person or organization that is bound by an obligation to another. In risk management, the most common use of this term is in bonding. For example, under a performance bond, the obligor is the contractor who supplies a bond to a project owner guaranteeing its performance of the contract. On This Page. millbury shoppes at blackstone valleyWeb(a) [Rights and duties of secondary obligor.] A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor: (1) receives an assignment of a secured obligation from the secured party; (2) receives a transfer of collateral from the secured party and agrees to accept the rights and assume … millbury savings bank hours