OBLIGEE

Etymology

Noun

obligee (plural obligees)

(legal, finance) The party owed an obligation by another party, the obligor.

Coordinate terms

• obligor

Source: Wiktionary

Ob"li*gee", n. Etym: [F. obligé, p.p. of obliger. See Oblige.]

Definition: The person to whom another is bound, or the person to whom a bond is given. Blackstone.

Source: Webster’s Unabridged Dictionary 1913 Edition

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