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obligor

 - 4 dictionary results

ob⋅li⋅gor

  [ob-li-gawr, ob-li-gawr]
Use obligor in a Sentence
–noun Law.
1. a person who is bound to another.
2. a person who gives a bond.
Origin:
1535–45; oblige + -or 2
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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ob·li·gor   (ŏb'lĭ-gôr', -jôr')   
n.  One who binds oneself to another by contract or legal agreement.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Financial Dictionary

Obligor

An entity that has an obligation to pay all principal and interest payments on a debt.

Investopedia Commentary

Examples of obligors are bond issuers.

Also referred to as debtor.

Related Links

Bond Basics Tutorial

See also: Bond, Debt, Debtor, Interest, Principal, Secured Debt

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Legal Dictionary

Main Entry: ob·li·gor
Pronunciation: "ä-bl&-'gor, -'jor
Function: noun
: one who is bound by an obligation to another obligor> —compare CREDITOR, DEBTOR, OBLIGEE, PROMISOR, SURETY
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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