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 ?
A 10 percent increase might be enough to persuade Aviva to consider it, or to oblige Aviva to put it to its shareholders."
According to these associations, the target of a 3% reduction in CO2 emissions from aviation by 2012 and a 5% reduction the following years compared with 2004-2006 is already very ambitious and will oblige airlines to buy more than 15% of their allowances.
3 : to earn the gratitude of <You will oblige me by coming early.>
Vendors will try to oblige. But the rigors of hosting East Coast department stores will have taken their toll.
The rules would oblige banks to fully reimburse depositors in the event that Net-based thefts took place with the depositors not at fault.
said Thursday it will oblige from July its top 100 executives to purchase Toshiba shares and setting an annual target of at least 1 million yen per person.
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.
A lot of fuss is being made about the law that would oblige state officials, deputies and senior civil servants to submit a capital statement as part of the battle against corruption.
Lord Doherty decided that a clause in his contract "does not oblige" Rangers to pay the costs.
l A new real estate law that would oblige developers not to sell unless their projects are completed