noun
- plural of obligor; persons who are legally bound to fulfill an obligation or debt to another party
Usage: legal
Examples
- The bank required all obligors to sign the loan agreement.
- Both obligors were held responsible for the full amount of the debt.
- The contract clearly identified the obligors and their respective duties.
- When one obligor defaulted, the other became liable for the entire obligation.
- The court ruled that the obligors must fulfill their contractual commitments.
- Legal counsel advised the obligors of their rights and responsibilities.