What does obligee mean? One to whom another is under obligation by a contract or legal agreement. (noun)

Obligor definition, a person who is bound to another. See more.

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Obligor vs obligee

As nouns the difference between obliger and obligor is that obliger is one who, or that which, obliges while obligor is (legal|finance) the party bearing a legal obligation to another party, the obligee. As nouns the difference between obligor and obligation is that obligor is (legal|finance) the party bearing a legal obligation to another party, the obligee while obligation is the act of binding oneself by a social, legal, or moral tie to someone. The obligor is the parent that is required to pay the child support to the other parent, and the obligee, or obliged, is the parent who receives the payment. As a general rule, once a child support amount has accrued, the obligor is required to pay that amount, regardless of circumstances. Each request by a Letter of Credit Obligor for the issuance or amendment of a Letter of Credit shall be deemed to be a representation by such Letter of Credit Obligor that the L/C Credit Extension so requested complies with the conditions set forth in the proviso to the preceding sentence..

The three parties in a surety bond contract are the principal (usually a contractor), an obligee (a hiring company), and an obligor meaning (a financial company). The obligor is a company that sells bonds, and sometimes insurance policies as well, to principals who must be bonded in order to bid on projects offered by obligees.

Obligor definition, a person who is bound to another. See more.

Each request by a Letter of Credit Obligor for the issuance or amendment of a Letter of Credit shall be deemed to be a representation by such Letter of Credit Obligor that the L/C Credit Extension so requested complies with the conditions set forth in the proviso to the preceding sentence.. No such making of an L/C Advance shall relieve or otherwise impair the obligation of any Letter of

New Hampshire (NH) Child Support - Obligor vs Obligee - 50/50 Custody 1st question: In 50/50 Custody in NH, is the obligee simply the person making less money? If you change or lose jobs, or get a big raise, does that role switch? Obligor definition, a person who is bound to another. See more.

Obligee. (a) An action may be brought. (1) by a person, including a minor parent or a minor spouse, to whom a duty of support is owing, or. (2) on behalf of a minor child by a person having custody of the child, without appointment as guardian ad litem, or. (3) on behalf of a minor child by a person caring for the child regardless of whether a court order has been issued granting that person custody of the child, or. Obligee means the Person to whom an Obligor is indebted under a Contract.
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Liknande ord. obligation · oblige · obligatory · obliging · obliged · obligate Names identified include Mary Parrat of Broadwater, Sussex (obligee); Richard Parrat (obligor). The Latin section ends with the date 1717.

qui — fut obligée de livrer dans unc seule semaine trente mille livrés de pain, trente mille humiliter prosternere obligor, quo- Qiam ter mazimi illius fuit domini templum» (d. v.
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While obligor and obligee look similar, they are drastically different. Obligor — the obligated party. This term refers to a person bound by a legal obligation. For example, the spouse in a child-support determination proceeding responsible for making the child-support payments is called the obligor. The obligor can get in significant trouble if he or she does not satisfy this obligation.

The person who has engaged to perform some obligation. Louis.

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Translation of Obligee or obligor in English. Translate Obligee or obligor in English online and download now our free translator to use any time at no charge.

Se hela listan på study.com 2009-01-05 · Obligee is the owner of the project. The three parties they are referring to are the surety, the principal and the obligee. Occasionally (very rare) you may have multiple obligees and even more rare would be to have multiple sureties or multiple principals. obligor definition: 1. a person or group who must give something such as a payment or benefit to someone, according to…. Learn more. Obligee definition at Dictionary.com, a free online dictionary with pronunciation, synonyms and translation.