Oblige - Law Dictionary

obligation

obligation 1 : a promise, acknowledgment, or agreement (as a contract) that binds one to a specific performance (as payment) ;also : the binding power of such an agreement or indication [held that the amendment did not unconstitutionally impair the s of contracts "Davis v. American Family Mut. Ins. Co., 521 N.W.2d 366 (1994)"] 2 : a debt security (as a corporate or government bond) see also collateralized mortgage obligation 3 : what one is obligated to do, satisfy, or fulfill: as a : a commitment to pay a particular amount of money [does not create a debt, liability, or other , legal or moral "State v. Florida Dev. Fin. Corp., 650 So. 2d 14 (1995)"] ;also : an amount owed in such a commitment b : a duty arising from law, contract, or morality [had a legal as an employer] [a contractual ] 4 in the civil law of Louisiana : a relationship that binds one party to a performance (as a payment or transfer) or nonperformance for another party see also contract, offense, quasi-offen...

Obligation

Obligation, an act which binds a person to some performance; also a bond containing a penalty, with a condition annexed for paying of money at a certain time, or for the performance of a covenant, etc.; also foreign government and other bonds and debentures.In Bhudeb Mookerjee v. Kalachand Malik, 34 Cal LJ 315: AIR 1921 Cal 129, that the word obligation in s. 54 of the Specific Relief Act may be taken to be a tie or bond which constrains a person to do or suffer something. It implies a right in another person to which it is correlated and it restricts the freedom of the obligee with respect to definite acts and forbearances but in order that it may be enforced by a court, it must be a legal obligation and not merely moral, social or religious, Hyderabad Stock Exchange Ltd. v. Rangnath Rathi and Co., AIR 1958 AP 43 (47). [Specific Relief Act, 1877, s. 54]Means 'a duty; the bond of legal necessity which binds together two or more determinate individuals. It is limited to legal duties ari...

obligate

obligate -gat·ed -gat·ing 1 : to bind legally or morally [was obligated to pay child support] 2 : to commit (as funds or property) to meet or provide security for an obligation oblig·a·to·ry [ə-bli-gə-tōr-ē] adj ...

collateralized mortgage obligation

collateralized mortgage obligation : a bond collateralized by a pool of mortgage obligations or pass-through securities and paid according to the maturity and amortization schedule of its class and not directly from the underlying obligations called also CMO see also remic compare pass-through security at security, tranche ...

Financial obligation

Financial obligation, an obligation to pay money under a contract or for breach thereof is in a sense a 'financial obligation', State of West Bengal v. Serajuddin Batley, AIR 1954 SC 193 (194). [Indian Independence (Rights Property and Liabilities), Order 1947, Art. 9]...

Financial obligations

Financial obligations, the expression should be construed 'ejusdem generis', for so construed it implies an obligation in the nature of an obligation in respect of loans and guarantees incurred or undertaken by the State, State of West Bengal v. Serajuddin Batley, AIR 1954 SC 193 (194). [Indian Independence Rights, Property and Liabilities) Order 1947, s. 9]...

Oblige - Law Dictionary Search Results

obligation

Obligation

obligate

collateralized mortgage obligation

Financial obligation

Financial obligations

conditional obligation

conventional obligation

heritable obligation

joint obligation