Obligation

(redirected from obligated)
Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia.

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 ?
26, 2012, ABHOW transferred ownership of the Terraces at San Joaquin Gardens campus out of the obligated group (OG) to a newly formed corporation to effect a campus repositioning.
46,825,000 Michigan State Hospital Finance Authority hospital revenue & revenue refunding Bonds (Mercy Health Services Obligated Group), 1997 series S, partially MBIA insured
The Charity Obligated Group will consist of 26 hospitals accounting for over 8,000 beds and 328,000 acute care discharges.
Any additional capital or debt related plans, while not currently expected, that may arise due to the enlarged obligated group, may pose financial pressure, though its level of financial resources partially mitigate this concern.
Credit concerns for the Maryland Obligated Group have centered on the up-streaming of cash reserves to the parent company Asbury Communities, and the associated exposure to the Pennsylvania Obligated Group due to the corporate structure.
Highlands County Health Facilities Authority (FL) Adventist Health System/Sunbelt Obligated Group) hospital revenue bonds auction reset securities series 2005F;
Over the past three audit years, the obligated group has generated operating margins of 2.
PHS has sizable operations outside the obligated group with the obligated group making up approximately 56% of system revenues in 2008 and 53% of assets.
The obligated group's historical pro forma maximum annual debt service coverage ratio was a sound 2.
17, requires all states to have at least 50 percent of their federal stimulus funds obligated within 120 days of March 3 (when funding became available) and all stimulus projects obligated within one year.
NEW YORK -- Fitch Ratings has assigned an 'A-' rating to the $20,809,000 New Jersey Economic Development Authority revenue bonds, (Presbyterian Homes & Services of New Jersey Obligated Group) series 1998A and an underlying 'A-' rating on $42,440,000 New Jersey Economic Development Authority revenue bonds, (Presbyterian Homes & Services of New Jersey Obligated Group) series 1998B1 and 1998B2 (taxable).