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.
A party who owes an obligation.A borrower is an obligor.
Remarketing Event: If the liquidity pool is drawn to cure a default of an obligor to pay interest on their debt obligation and falls below 75% of the initial deposits (initial deposits account for most of the liquidity pool), this will trigger the remarketing of the concerned debt obligation.