obligor

[US]/əˈblɪɡə/
[UK]/əˈblɪɡər/
Frequency: Very High

Translation

n.a person or entity that owes a debt or obligation; a borrower or debtor

Phrases & Collocations

primary obligor

obligor agreement

obligor rights

obligor obligations

obligor default

obligor status

obligor liability

joint obligor

obligor notice

obligor identification

Example Sentences

the obligor must fulfill their contractual obligations.

the lender is relying on the obligor's ability to repay.

an obligor can be an individual or a corporation.

the court ruled that the obligor was in default.

it is essential for the obligor to maintain good credit.

the obligor agreed to the terms of the loan.

the obligations of the obligor are clearly stated in the contract.

the obligor should provide collateral for the loan.

the financial stability of the obligor is crucial for lenders.

if the obligor fails to pay, legal action may be taken.

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