Obligor - Law Dictionary Search Results
Obligor
Matched in: Term Obligor
obligor
Matched in: Term obligor
Obligor
Matched in: Term Obligor
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defense
he or she is liable compare complete defense in this entry b : a basis upon which an obligor of a negotiable instrument may avoid liability under the instrument personal defense : a defense of an obligor
virile share
pars virilis, literally, male's share] in the civil law of Louisiana : an amount for which a solidary obligor (as a partner) is liable: as a : an amount due from the obligor under a solidary obligation
Bond
2 QB 11; Strickland v. Williams, (1899) 1 QB 382. The person giving the bond is called the obligor, and he to whom it is given the obligee. A bond is called single (simplex obligatio) when it
obligation
an obligation that may be enforced by the successor of the obligee or against the successor of the obligor joint obligation 1 : an obligation binding different obligors to a performance for one obligee 2 : an
Post-obit Bond
Post-obit Bond. A bond, conditioned to be void on the payment by the obligor of a sum of money upon the death of another person. in most cases the person upon whose
several
liability at liability several obligation at obligation b : being separately or individually responsible, liable, or obligated [a obligor] compare joint 2 : separate or distinct from one another [to regulate commerce with foreign nations and among
Post obit
A bond in which the obligor in consideration of having received a certain sum of money binds himself to pay a larger sum on
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