obligee
obligee — noun
- obligeesingular
- obligeesplural
1. in a contract or other legal agreement, the party who has a legal right to recei
in a contract or other legal agreement, the party who has a legal right to receive money, goods, or a service that another party has promised
Under the loan contract, Inês was the obligee, and the borrower had to repay her.
obligee as the party owed repayment under a contract
As the obligee on the bond, Esme could demand payment if the work stayed unfinished.
obligee on [a bond]
The court ruled that Zayd, as obligee, was owed the full amount under the agreement.
After the renovation finished, Ayana, the obligee, finally received the payment named in the contract.
When the company missed the deadline, João, the obligee, took the dispute to court.
- obligor
the party who owes the duty or payment to the obligee
用法筆記
Always paired with its opposite, 'obligor', the party who owes the duty; the obligee is the one entitled to receive it. Common in contract, surety-bond, and family-support law.