obligor

English - Turkish

Definition of obligor in English Turkish dictionary: (Askeri) mükellef ihtiyat; {i} yükümlü; (Askeri) MÜKELLEF İHTİYAT: Bak. "obligated reservist"; {i} borçlu; yüküm altına giren kimse; bir borç senedini imza eden kimse

English - English

Definition of obligor in English English dictionary: The party bearing a legal obligation to another party, the obligee; {n} one who executes a bond or is bound by contract; An individual who has engaged to perform an obligation to another person, [i e , obligee]; One that places himself under a legal obligation; A borrower or mortgagor; Parent obligated to pay child support; The person or entity required to perform on a debt or obligation See principal; The borrower in a loan transaction -- the person who owes an obligation to another; The individual who owes or is alleged to owe child support This term includes alleged or putative fathers whose paternity of the child(ren) has not yet been established; Commonly called "principal," one bound by an obligation Under a bond, strictly speaking, both the principal and the surety are obligers; A promisor; one who incurs a lawful obligation to another (the obligee) The maker of a promissory note is an obligor In a performance bond, the contractor is the obligor One who guarantees the performance of the obligation is a surety; also called a guarantor (See payor); {i} guarantor; person who receives an obligation (Law); person who is obligated; – Any person owing a duty of support or against whom proceedings for enforcement of a duty of support or a registration of support orders is commenced; A person who has an obligation to pay off a debt; Commonly called principal; one bound by an obligation Under a bond, strictly speaking, both the principal and the surety are obligors; The person who is ordered to pay the child support; One who legally binds (obligates) oneself, such as the maker of a promissory note; The debtor from whom the originator has right to receivables; The person who binds himself, or gives his bond to another; A person or company who has engaged to perform some obligation; Someone, such as a borrower or mortgagor, who owes a duty to perform under a contract; The person who is obligated to pay child support; A party ordered to make child support payments See non-custodial parent; A party ordered to make child support payments; A term used in surety bonds to refer to the individual or firm bound by an obligation Also known as the "principal "; Legal term for the non-custodial parent - the person who is obliged to pay child support