obligors

[US]/əˈblɪɡəz/
[UK]/əˈblɪɡɔrz/
Frequency: Very High

Translation

n.persons or entities that are bound by a legal obligation; debtors; original debtors

Phrases & Collocations

obligors default

obligors rights

obligors obligations

obligors agreement

obligors performance

obligors liabilities

obligors notice

obligors claims

obligors consent

Example Sentences

obligors must fulfill their contractual obligations on time.

all obligors are required to provide financial statements.

the bank assessed the creditworthiness of the obligors.

obligors should be aware of the penalties for default.

obligors can negotiate repayment terms with the lender.

the rights of obligors are protected under the law.

obligors often seek financial advice before signing agreements.

in case of default, obligors may face legal action.

obligors are encouraged to communicate with creditors regularly.

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