A course of action imposed by society, law, or conscience by which someone is bound or restricted
1) A legal term expressing legal, moral, and governmental commitments to specific courses of action, such as BPA's obligation to provide firm power to small- and non-generating public utility customers 2) Capacity and energy BPA provides under contract to public agencies and private utilities
The amount of money or other type of support the non-custodial parent must provide on a continuing, ongoing basis
[General] any tangible or intangible commitment by, requirement of, or liability of a plan or an INSURER that can reduce receipts or generate disbursements [similar to ASOP Nos 7, 14, and 22]
If you have an obligation to do something, it is your duty to do that thing. When teachers assign homework, students usually feel an obligation to do it Ministers are under no obligation to follow the committee's recommendations
A binding agreement that will result in Government spending either immediately or in the future Budgetary resources must be available before obligations can be legally incurred
the condition or fact of owing another something in return for things, favors or services received
If you have an obligation to a person, it is your duty to look after them or protect their interests. The United States will do that which is necessary to meet its obligations to its own citizens I have an ethical and a moral obligation to my client. = responsibility
a legal agreement specifying a payment or action and the penalty for failure to comply
The Federal government's legal commitment (promise) to pay or reimburse the states or other entities for the Federal share of a project's eligible costs