Obligation

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Obligation

A legal responsibility, such as to repay a debt.

Obligation

Any requirement, especially a legal one. For example, one may have a legal obligation to disclose one's investments to the SEC. Likewise, one has an obligation to repay debts by the agreed-upon time. On the other hand, one has an ethical obligation to deal fairly with one's clients, even if the obligation is not legally enforceable.
References in periodicals archive ?
Reacting against the clearance to the Bills without giving the Opposition a chance to speak, BJP leader Radha Mohan Agrawal alleged that the CM was trying to " oblige Jaypee Group founder J.
The rules would oblige banks to fully reimburse depositors in the event that Net-based thefts took place with the depositors not at fault.
At present, the law obliges only the operators of nuclear reactors to allow official inspectors to visit and examine their facilities once a year.
l A new real estate law that would oblige developers not to sell unless their projects are completed
Unlike its Egyptian counterpart, the Tunisian draft does not pledge the state's protection for, or make it the duty of citizens to protect, "traditional values," "cultural and linguistic unity," or oblige the state to ensure adherence to "public morals.
The new code, to be introduced by the Ombudsman for Estate Agents on October 1, will oblige agents to disclose more information to potential buyers and be more open about the fees they charge.
The Ministry of Economy, Trade and Industry (METI) plans to oblige large facilities such as office buildings, retail shops, hotels and hospitals to save energy to fight global warming, METI officials said Wednesday.
It would also oblige shoko lenders to notify guarantors in writing of any additional loans to borrowers, every time the borrowers take out further loans.
And Mulraney admitted he was happy to oblige any club that wanted to pay to utilise the club's synthetic pitch facility.
Parliament also rejected two bills that would give long serving civil servants promotions and that would oblige the cabinet to carry out tests on those chosen for executive posts in the government.
The lawyer of the Coalition for Democracy and Civil Society submitted the claim to the Bishkek interdistrict court then in a move to oblige the Parliament to provide this information.
The Tokyo District Court on Thursday ruled against a Kyoto lawyer and nearly 350 junior high school students and parents who argued in a 1997 damages suit that the state cannot oblige them to use government-approved history textbooks they believe are not nationalistic enough.