Definition

A person or entity that is legally bound to fulfill an obligation or contract with another party.

Example

The obligor must make the payments on time as specified in the contract.

Conversation

Have you ever had to deal with an obligor in a contract?

I haven't, but I heard it can be quite complicated.

Yeah, especially when they don't fulfill their obligations.

Exactly, then you might have to take legal action.

Synonyms & Antonyms

Root Explanation

Obligor → It is formed from "ob-" (meaning towards) and "ligare" (meaning to bind). An obligor is someone who is bound to fulfill an obligation or duty.

Memory Tip

Think of someone who is 'bound' ('ligare') to do something 'towards' ('ob-') another person — that's why an obligor is someone who has a duty to fulfill.

Visually Confused Words