The correct spelling of the word "Obligee" is /ɑblɪdʒi/. The IPA phonetic transcription of this word shows that it is pronounced with the stress on the second syllable, which is 'li'. The 'o' is pronounced as /ɑ/ and the 'e' at the end of the word is silent. Obligee refers to a person or entity that is owed an obligation or debt by another party, such as a creditor who is owed money by a debtor.
Obligee is a term used in legal and contractual contexts to refer to a person or entity who is entitled to receive a certain performance or benefit from another party. The obligee is the one to whom an obligation, duty, or promise is owed.
In a contractual relationship, the obligee is usually the party who will receive the agreed-upon goods, services, or payment. They have the right to enforce the terms of the contract and hold the obligor accountable for fulfilling their obligations. The obligee may also have the authority to demand specific performance or seek legal remedies in case of breach or non-performance by the other party.
The role of the obligee is crucial in ensuring that the obligations and promises made in a contract are upheld. They have the right to expect compliance from the obligor and have a vested interest in the satisfactory completion of the agreed-upon tasks, project, or arrangement.
Outside of contractual relationships, the term "obligee" can also be used in the context of legal obligations, such as when someone is owed a duty or responsibility by another person due to legal requirements or regulations. In such cases, the obligee is typically a government entity, regulatory agency, or the party who is intended to benefit from the fulfillment of the obligation.
In summary, an obligee is the party entitled to receive a certain performance, benefit, or fulfillment of an obligation according to a contract or legal requirement.
The person to whom another is bound.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
The word "obligee" comes from the French term "obligé", which is the past participle of the verb "obliger", meaning "to oblige" or "to bind".
In Old French, "obliger" originated from the Latin word "obligare", which also means "to bind". The term consists of the prefix "ob" (meaning "towards" or "against") and the verb "ligare" (meaning "to bind" or "to tie").
The term "obligee" emerged in English in the 15th century, primarily used in legal contexts to refer to the person who is owed a specific obligation or to whom a duty is owed. It is often associated with contractual or legal rights, where one party is granted benefits or rights, while another party becomes obligated to fulfill certain duties or responsibilities.