IPA: /əˈblaɪdʒi/
KK: /əˈblaɪdʒi/
A person or entity that is entitled to receive a benefit or service from another party, usually as part of a legal agreement or contract.
In a loan agreement, the lender is the obligee who expects repayment from the borrower.
**Obligee** → It is formed from "ob-" (meaning towards) and "ligare" (meaning to bind). The word refers to a person to whom an obligation is owed, thus someone who is bound to receive a duty or service.
Think of someone who is 'bound' ('ligare') to receive something 'towards' them ('ob-') — that's why an obligee is a person to whom an obligation is owed.