Dictionary:

obligee

  (ŏb'lə-jē')

One to whom another is bound by contract or legal agreement.

Person in whose favor an obligation is entered into.

The person in whose favor an obligation is entered into.
Example: Jackson promises to manage the property of Kindall, an out-of-town investor. In this arrangement, Kindall is the obligee; Jackson is the Obligor.

The individual to whom a particular duty or obligation is owed.

The obligation might be to pay a debt or involve the performance or nonperformance of a particular act.

The term obligee is often used synonymously with creditor.