 |
Obligor
Definition
|
|
| a promisor; one who incurs a lawful obligation to another (the obligee). the maker of a promissory Note is an obligor. in a performance bond, the contractor is the obligor. one who guarantees the performance of the obligation is a surety; also called a guarantor. (also see: payor)
next word in word list.
| | Avg. Rating : Not yet rated, be the first to provide a rating for this definition. |
|
 |
 
 |
Browse 
