Obligee: meaning, definitions and examples

This term is commonly used in legal or contract contexts to refer to a person or entity to whom an obligation is owed by another party.

• The obligee can take legal action if the debtor fails to repay the loan.
• Under the agreement, the company became the obligee and was entitled to the payments.

Typically used in financial and business contexts to denote a person or institution that lends money or extends credit to another party.

• After missing several payments, John had to negotiate with his creditor to avoid further penalties.
• The company’s largest creditor agreed to restructure the debt to prevent bankruptcy.

This term is commonly found in contexts involving checks, bank drafts, and other financial instruments, referring to the individual or entity to whom money is to be paid.

• The check must be endorsed by the payee before it can be deposited.
• The payee’s account details need to be accurate to ensure the payment goes through without any issues.

Used more broadly to refer to anyone who receives something, particularly in contexts involving gifts, awards, or grants.

• The scholarship recipient was chosen based on academic excellence and community service.
• Each recipient of the award gave a brief acceptance speech.