Obligor

Pronunciation: /əˈblɪɡər/

Definitions of obligor

noun a person who is bound or obliged to do something, typically by a contract, promise, or duty

Example Sentences

A1 The obligor promised to pay back the money.

A2 The obligor failed to fulfill their financial obligations.

B1 The obligor signed a contract agreeing to certain terms and conditions.

B2 The obligor's credit rating was negatively impacted by their failure to meet obligations.

C1 The obligor is legally bound to meet their financial responsibilities.

C2 The obligor's default on the loan led to legal action being taken against them.

Examples of obligor in a Sentence

formal The obligor failed to meet their financial obligations as outlined in the contract.

informal I heard the obligor didn't pay back the money they owed.

slang That obligor really messed up by not fulfilling their duties.

figurative The obligor's promises were like a house of cards, easily broken.

Grammatical Forms of obligor

• past tense: obliged
• plural: obligors
• comparative: more obliging
• superlative: most obliging
• present tense: obliges
• future tense: will oblige
• perfect tense: has obliged
• continuous tense: is obliging
• singular: obligor
• positive degree: obliging
• infinitive: oblige
• gerund: obliging
• participle: obliged

Origin and Evolution of obligor

First Known Use: 1250 year

Language of Origin: Latin

Story behind the word: The word 'obligor' originated from Latin.

Evolution of the word: Originally used in legal contexts to refer to someone who is bound by a legal obligation or duty, the term 'obligor' has evolved to be more commonly used in financial and contractual contexts to refer to the party who is obligated to fulfill a certain obligation or payment.