obligor

American  

[ob-li-gawr, ob-li-gawr] / ˌɒb lɪˈgɔr, ˈɒb lɪˌgɔr /

noun

Law.

1. a person who is bound to another.

2. a person who gives a bond.

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obligor British  

/ ˌɒblɪˈɡɔː /

noun

1. a person who binds himself by contract to perform some obligation; debtor

2. a person who gives a bond

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Etymology

Origin of obligor

First recorded in 1535–45; oblige + -or ²

Compare meaning

How does obligor compare to similar and commonly confused words? Explore the most common comparisons:

• obligor vs. obligee

Example Sentences

Bond is the agreement by the obligor of a contract to pay a certain forfeit to the obligee, if the former does not perform his contract or does not perform it before a certain date.

From Moral Theology A Complete Course Based on St. Thomas Aquinas and the Best Modern Authorities by Callan, Charles Jerome

If the condition is not performed, the bond becomes forfeited, and the obligor and his heirs are liable to the payment of the whole sum.

From Webster's Unabridged Dictionary (2nd 100 Pages) by Webster, Noah

Post Obit Bonds.—A post obit bond is one given by an expectant heir or legatee, payable on or after the death of the person from whom the obligor has expectations.

From Encyclopaedia Britannica, 11th Edition, Volume 4, Slice 2 "Bohemia" to "Borgia, Francis" by Various

The maker of a bond is the "obligor."

From Business Hints for Men and Women by Calhoun, Alfred Rochefort

The bond names the liability or indebtedness; then follows the condition wherein it is stated the particular thing that the obligor is to do, or not to do.

From Business Hints for Men and Women by Calhoun, Alfred Rochefort