Definition of obligee

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August undefined, 2024

WebThe meaning of OBLIGEE is one to whom another is obligated (as by a contract); specifically : one who is protected by a surety bond. How to use obligee in a sentence. WebJul 15, 2024 · An Obligee is a creditor, the parent who collects child support, or the party requesting a surety bond in an insurance context. Even though a divorce is granted with a final order, that order can be modified if the financial situation of the obligor or obligee changes significantly. The obligation to pay child support, however, is one that ...

Offerror/Offeree vs. Promisee/Promisor? - Law Stack Exchange

WebObligee is a person or entity to whom an obligation is owed. It is a term that is often used in contract law. An obligee can be a creditor or a promisee. For example, in a principal … WebPrincipal Obligee means any natural or legal person, who by a customs declara• tion, applies to carry out an Inter - State Road Transit operation and is thus res• ponsible to the competent authorities for the regular execution of this opera• tion; Sample 1. Based on 2 … braintree iframe

Who is the obligor and who is the obligee?

WebObligee definition: a person in whose favour an obligation , contract , or bond is created ; creditor Meaning, pronunciation, translations and examples WebAug 22, 2024 · Take- aways. The terms debtor and creditor are synonymous with obligor and obligee. The obligor is the debtor, and the obligee is the creditor. If you’ve ever taken out a loan, you were the obligor, and your lender was the obligee. In corporate settings, obligors are contractually obligated to meet commitments also known as covenants. WebHow to pronounce obligee. How to say obligee. Listen to the audio pronunciation in the Cambridge English Dictionary. Learn more. braintree ict

Obligee definition and meaning Collins English Dictionary

OBLIGEE in Thesaurus: 22 Synonyms & Antonyms for OBLIGEE

Webobligee. An obligee is person or organization to whom another party (the "obligor") owes an obligation. In risk management, the most common use of this term is in bonding. For example, under a performance bond, the obligee is the project owner for whom the bonded contractor is required to perform the specified work. On This Page. Webobligee meaning: 1. the person or group who must receive something such as a payment or benefit from someone…. Learn more. hadley black buffetWebObligee. The party to an agreement to whom an obligation is owed. An obligation is a requirement, especially a legal one. For example, an investor may have a legal obligation to disclose his/her investments to the SEC. In this circumstance, the obligee is the SEC. braintree idp

"WebPrincipal: The party required to fulfill a specified obligation. Surety: The party backing the contractual obligation to perform the task is called the “surety,” or guarantor. Obligee: The party protected by the surety’s backing that the principal will uphold the agreement. If the party responsible for upholding the promise fails to do so ... " - Definition of obligee

Definition of obligee

Obligee Definition & Meaning - Merriam-Webster

WebMeaning of obligee". What does obligee" mean? Information and translations of obligee" in the most comprehensive dictionary definitions resource on the web. WebOct 4, 2024 · The obligee can be a bank, a credit company, or a person who gets a surety bond to make sure that another person will complete something as contractually promised. Insurance policyholders are also obligees, insofar as their insurance contract stipulates that they are obliged to pay premiums to the insurance company. Advertisement.

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WebWhat's the definition of Obligee in thesaurus? Most related words/phrases with sentence examples define Obligee meaning and usage. ... Thesaurus for Obligee. Related terms for obligee- synonyms, antonyms and sentences with obligee. Lists. synonyms. antonyms. definitions. sentences. thesaurus. Parts of speech. nouns. adjectives. Synonyms … WebObligee definition: One to whom another is under obligation by a contract or legal agreement.

WebJun 3, 2024 · Obligee noun. The party owed an obligation by another party, the obligor. Obligor noun. The party bearing a legal obligation to another party (the obligee). … WebApr 17, 2024 · Definition. An obligor is an individual who owes a benefit or payment to another person, such as child support, alimony, or a payment on a loan. The individual receiving the benefit is known as the obligee, and they benefit from the terms of the contract. An obligor can also be an entity, too, such as a business that is contractually …

WebDefinition of obligee in the Definitions.net dictionary. Meaning of obligee. What does obligee mean? Information and translations of obligee in the most comprehensive dictionary definitions resource on the web. Login . The STANDS4 Network. ABBREVIATIONS; ANAGRAMS; BIOGRAPHIES; CALCULATORS; CONVERSIONS; … WebDefinition of obligee in the Definitions.net dictionary. Meaning of obligee. What does obligee mean? Information and translations of obligee in the most comprehensive …

WebMar 23, 2024 · Obligor: An obligor, also known as a debtor, is a person or entity who is legally or contractually obliged to provide a benefit or payment to another. In a …

WebJun 22, 2024 · Obligee pronunciation How to pronounce Obligee in English?/,ɑːblə`dʒiː/Meaning of Obligee What is Obligee?The person to whom another … braintree incident todayWebDefine obligee. obligee synonyms, obligee pronunciation, obligee translation, English dictionary definition of obligee. n. One to whom another is under obligation by a … braintree iconWebdefinition: sur•e•ty bond A surety bond is a contract between three parties—the principal (you), the surety (us) and the obligee (the entity requiring the bond)—in which the surety financially guarantees to an obligee that the principal will act in accordance with the terms established by the bond. hadley blind instituteWebLearn more about English word: obligee, including definition, synonyms, antonym, pronunciation. braintree incWebThe popular meaning of the term “obligation” is a duty to do or not to do something. In its legal sense, obligation is a civil law concept. An obligation can be created voluntarily, such as one arising from a contract, quasi-contract, or unilateral promise. An obligation can also be created involuntarily, such as an obligation arising from ... braintree hyundaiWeboblige: [verb] to constrain by physical, moral, or legal force or by the exigencies of circumstance. hadley black medicine cabinetWebThe meaning of OBLIGEE is one to whom another is obligated (as by a contract); specifically : one who is protected by a surety bond. How to use obligee in a sentence. hadley blind courses