Obligee - Law Dictionary Search Results
Home Dictionary Name: obligeeobligee
obligee one as a creditor to whom another is legally obligated
Obligee
obligee means 1 one to whom an obligation is owed a
obligation
the obligations binding different obligors to separate performances for one obligee 2 any of the obligations binding an obligor to separate
solidary
one obligor owes an indivisible performance to distinct obligees the obligees are obligees foreman v montgomery 496 so 2d 1280 1986
Bond
the obligor and he to whom it is given the obligee a bond is called single simplex obligatio when it is
debtor
person who owes a debt see also bankrupt compare creditor obligee obligor note the bankruptcy act of 1978 calls the person
liability
any one obligor liable for the entire obligation to the obligee but also apportions the liability among the obligors so that
obligor
an obligation extinguished by performance of the compare creditor debtor obligee promisor surety
satisfaction piece
satisfaction piece a formal written acknowledgment by an obligee as a mortgagee that an obligation has been satisfied and
subrogation
holding that when a third party pays a creditor or obligee the third party succeeds to the creditor s rights against
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