One of the mysteries of the English language finally explained.
A person who is bound to another by contract or other legal procedure.Compare with obligee
- ‘A recent study of California child support obligors conducted by the Urban Institute reflects the effects of these high guidelines, particularly as they impact low-income and minority men.’
- ‘Prime Group had given an indemnity as a principal obligor, and not just a guarantor, to the Respondents in respect of the tenant's obligations under one of the Leases.’
- ‘Certainly if the agreement is governed by English law our courts can enforce the obligation, if necessary by ordering the obligor to sign the requisite documents.’
- ‘The clause had as its primary focus legislation designed to repudiate or adjust pre-existing debtor-creditor relationships that obligors were unable to satisfy.’
- ‘When banks have large amounts of both foreign and domestic currency assets and liabilities on their books, the quality of their dollar claims on domestic obligors tends to be undermined worst of all by contractive exchange crises.’
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