Obligor: meaning, definitions and examples

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obligor

[ əˈblɪɡər ]

Noun

^{Context #1 | Noun}

legal term

A person or entity who is legally bound to fulfill a specific obligation or duty.

Synonyms

debtor, payer, promisor.

Which Synonym Should You Choose?

Word	Description / Examples
obligor	Typically used in legal or financial contexts to refer to a party that is obligated to provide a benefit or payment specified in a contract or agreement. The contract specifies that the obligor must make quarterly payments
debtor	Commonly used in financial contexts to refer to someone who owes money, often in relation to loans or credit. It can also have a slightly negative connotation depending on the situation. The debtor has failed to make the last three payments on the loan
payer	General term used in everyday and financial contexts to refer to someone who makes a payment. It can be used in both personal and business transactions. The payer is responsible for ensuring that the bill is paid on time
promisor	Used mainly in legal or formal contexts to describe a person who makes a promise or commitment to another party. In the contract, the promisor agrees to deliver the goods by the end of the month

Examples of usage

The obligor failed to make the required payments on time.
The obligor is responsible for meeting the terms of the contract.

Translations

Translations of the word "obligor" in other languages:

🇵🇹 devedor

🇮🇳 ऋणी

🇩🇪 Schuldner

🇮🇩 debitor

🇺🇦 боржник

🇵🇱 dłużnik

🇯🇵 債務者

🇫🇷 débiteur

🇪🇸 deudor

🇹🇷 borçlu

🇰🇷 채무자

🇸🇦 مدين

🇨🇿 dlužník

🇸🇰 dlžník

🇨🇳 债务人

🇸🇮 dolžnik

🇮🇸 skuldari

🇰🇿 қарыз алушы

🇬🇪 დამალევარი

🇦🇿 borclu

🇲🇽 deudor

Etymology

The word 'obligor' has its origins in Latin, derived from the word 'obligare' which means 'to bind' or 'to oblige'. It has been used in legal contexts to refer to individuals or entities who are bound by a legal obligation or duty.