obligee
Owed party, legally
An obligee is the person or party to whom another is legally or contractually bound.
In contract law, the obligee is owed a duty or payment by the obligor: The bank, as obligee, can demand repayment of the loan.
The term appears most often in legal documents, bonds, and insurance contexts.
One owed money
- beneficiaryDesignated asset receiver
- claimantOne asserting entitlement
- holderOne who possesses
- payeePerson owed payment
mortgagee · lienholder · pledgee · grantee · assignee · covenantee · indemnitee · insured
One legally bound to deliver
- agreementShared position between parties
- bondBinding tie or connection
- covenantBinding formal pledge
- stipulationCondition in an agreement
performance · nonperformance · breach · enforcement · remedy · terms · conditions · binding
Giving back what's owed
- defaultPreset standard option
- interestAttention, stake, or fee
- principalChief school administrator
- dueOwed or expected
arrears · indebtedness · collection · foreclosure · collateral · lien · amortization · installment
creditor
One owed money
- beneficiaryDesignated asset receiver
- claimantOne asserting entitlement
- holderOne who possesses
payee · mortgagee · lienholder · pledgee · grantee · assignee · covenantee · indemnitee · insured · plaintiff
promisor
One legally bound to deliver
stipulation · performance · nonperformance · breach · enforcement · remedy · terms · conditions · binding · duty
repayment
Giving back what's owed
due · arrears · indebtedness · collection · foreclosure · collateral · lien · amortization · installment · maturity
- social obligationRequired interpersonal duty
- much obligedExpression of gratitude
- no obligationNo requirement to act
- moral obligationEthics-based required action
- family obligationExpected service to relatives
- military obligationRequired service in forces
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