noun
- a person who is legally bound to fulfill an obligation or debt to another party
Usage: legal
Examples
- The obligor failed to make the required monthly payments.
- In the contract, Smith was designated as the obligor responsible for delivering the goods.
- The bank sued the obligor for defaulting on the loan.
- As the obligor, she was legally required to complete the work by the deadline.
- The court ordered the obligor to pay damages to the injured party.
- The obligor’s assets were seized to satisfy the outstanding debt.