How Do You Spell OBLIGOR?

Pronunciation: [əblˈɪɡə] (IPA)

The word "obligor" is a legal term used to describe someone who has an obligation to another person or entity. The spelling of this word is quite straightforward, with a short "o" sound followed by a long "i" sound. Using IPA phonetic transcription, the word would be pronounced "uh-blih-gohr" with the stress on the second syllable. The correct spelling of "obligor" is essential in legal documents to ensure clarity and accuracy in contracts and agreements between parties.

OBLIGOR Meaning and Definition

1. Obligor is a noun that refers to a person or entity that is legally or contractually bound to fulfill an obligation or duty. An obligor is typically responsible for fulfilling a promise, agreement, or commitment made to another individual or organization. This term is commonly used in the context of legal, financial, and contractual matters.

   In legal contracts or agreements, an obligor is the party who undertakes a specific obligation or liability. This may include making payments, performing certain services, delivering goods, or meeting any other contractual obligations. For example, when a borrower takes a loan from a bank, the borrower becomes the obligor, making a legal commitment to repay the loan in accordance with the agreed terms.

   In financial contexts, especially in bond markets, an obligor refers to the entity (such as a government, company, or individual) responsible for repaying the principal and interest on debt securities issued. Credit rating agencies often assess the creditworthiness of an obligor to determine the risk associated with lending or investing in their debt instruments.

   Overall, an obligor is a party who is bound by a legal or contractual duty, responsibility, or liability and is expected to fulfill it as specified in the relevant agreement or arrangement.

2. The person who binds himself to give his bond to another.

   Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.

Common Misspellings for OBLIGOR

• obligar
• otoblenorhea
• oblieger
• Obligitor
• Obligour
• Oblidgor

Etymology of OBLIGOR

The word "obligor" originates from the Latin term "obligare", which is a combination of the prefix "ob-" meaning "toward" or "against", and the verb "ligare" meaning "to bind". In Latin, "obligare" referred to the act of binding someone to an obligation, usually through a legal or moral duty. Over time, this term was adopted into English as "obligor", which generally refers to a person or entity who is bound or obligated to fulfill a particular duty or responsibility, often in the context of contractual or financial obligations.

Plural form of OBLIGOR is OBLIGORS