(n.) The person to whom another is bound, or the person to whom a bond is given.
Example Sentences:
Obligor
Definition:
(n.) The person who binds himself, or gives his bond to another.
Example Sentences:
(1) By S&P definition, that means a sovereign faces “major ongoing uncertainties and exposure to adverse business, financial, or economic conditions which could lead to the obligor’s inadequate capacity to meet its financial commitments”.