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 ?
The obligated group also includes four all-girl Catholic high schools that are sponsored by SOMSC.
The Stable Outlook assumes continued sound operating performance at both the Maryland and Pennsylvania Obligated Groups.
The PHS 1998 Obligated Group consists of three CCRCs (Meadow Lakes- 259 ILUs, 28 assisted living units (ALUs), 16 dementia units and 60 nursing beds; Monroe Village - 286 ILUs, 28 ALUs and 60 nursing beds; and Crestwood Manor - 368 ILUs and 64 nursing beds) and a standalone assisted living facility, Haddonfield, consisting of 52 AL units.
Once FHWA has obligated a project, the state can begin to advertise it among contractors and prepare for construction.
23,175,000 Indiana Health Facility Financing Authority hospital revenue bonds, series 1999A (Deaconess Hospital Obligated Group);
CHSLI covenants only for annual disclosure of the obligated group's financial information to national recognized municipal securities information repository (NRMSIRS).
A receivable purchase agreement in which J Aron is obligated to purchase from CPEP at final maturity or any early termination date, the amounts owed to CPEP by CFU from its initial payment default to pay amounts due on the bonds and net swap payments.
At the end of fiscal 2005, the New York University Medical Center (NYUMC; includes NYUHC and the NYUSOM, which is not a part of the NYUHC obligated group) board approved a new strategic plan, which included a an enhanced marketing and fundraising campaign, expanded clinical services, new projects and capital plans, and a new strategic focus for the organization.
Fitch believes that LHV will be merged into the LSS obligated group over the near term, thus increasing the size and strength of the System.
Neither the suppliers nor their guarantors are obligated to pay debt service on the bonds.
Fitch rates the $525,460,000 Dormitory Authority of the State of New York revenue bonds (Mount Sinai-NYU Health System Obligated Group), series 2000A, and $101,400,000, series 2000C, 'BBB-' with a Stable Outlook.