Obligor


Also found in: Dictionary, Legal, Wikipedia.

Obligor

A person who has an obligation to pay off a debt.

Obligor

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 obligation to disclose his/her investments to the SEC. In this circumstance, the obligor is the investor. See also: Obligee.

obligor

A party who owes an obligation.A borrower is an obligor.

References in periodicals archive ?
Incorporated in 2006, the obligor is a world-class oil services company that has significant operations in surface oil-based services in the Middle East.
For example, prior to July 1, if an obligor earned $11,000 per month in gross income, he or she would pay the same approximate amount ($1,990) whether the obligee earned $1,500 or $4,000 per month.
Once the department approves the database, the department will notify all lenders of the database, require all lenders to use and maintain the database, ensure that all information regarding the obligor in the database remains confidential, and allow any obligor seeking to secure a title-secured loan to inquire about the database and a detailed explanation of the obligor's status in the database.
TO: ANY PRESENT OR SUBSEQUENT EMPLOYERS/PAYORS OF OBLIGOR
The Associated Obligor Link service provides updates for a subset of the municipal bond universe, including publicly traded companies serving as an obligor for bonds issued as industrial development, and economic development revenue bonds, as well as obligors pertaining to higher education and healthcare bonds.
A) Whether the quality of a banking institution's assets has been impaired by a protracted inability of public or private obligors in a foreign country to make payments on their external indebtedness as indicated by such factors, among others, as whether:
As long as the property's fair market value at the time of the transfer is the same as the annuity's present value, there are no gift tax consequences to either the annuitant or the obligor.
Consistent with the obligor approach detailed in 'Rating US Equipment Lease and Loan Securitizations', dated Jan.
One current possibility in the structured settlement arena is for a defendant to fund its obligation to make periodic payments in nonphysical injury cases by purchasing an annuity and making a nonqualified assignment to a third-party obligor.
However, due to the small effective obligor count in the pool, the rating is being withdrawn.
A change in the obligor, including the addition or deletion of a co-obligor, is an exception to this rule (Regs.