Obligor

usgb/əˈblɪɡər/
noun

An obligor is a person or organization that is legally bound to fulfill an obligation, such as paying a debt or adhering to a contract.

The obligor must make their payments on time to avoid penalties.
Visual representation of "obligor" - An obligor is a person or organization that is legally bound to fulfill an obligation, such as paying a debt or adhering to a contract.

Usage tips

Formal

loan obligor, contractual obligor, primary obligor

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Visual representation of "obligor"
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Legal Terminology

Noun specific to legal contexts

Illustration for Legal Terminology
An obligor is often confused with a debtor, which can have broader meanings.
Visual representation of the word "Obligor"

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