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obligee

 
Dictionary: ob·li·gee   (ŏb'lə-jē') pronunciation

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


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Business Dictionary: Obligee
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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.

Law Encyclopedia: Obligee
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This entry contains information applicable to United States law only.

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.

 
 

 

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Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved.  Read more
Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved.  Read more
Law Encyclopedia. West's Encyclopedia of American Law. Copyright © 1998 by The Gale Group, Inc. All rights reserved.  Read more