obligee Definition
a person or organization to whom money is owed or who is the recipient of an obligation.
Using obligee: Examples
Take a moment to familiarize yourself with how "obligee" can be used in various situations through the following examples!
Example
The obligee of the contract is the party that will receive payment.
Example
The obligee has the right to enforce the terms of the agreement.
Example
The obligee can choose to waive certain requirements if they so choose.
obligee Synonyms and Antonyms
Synonyms for obligee
Phrases with obligee
Example
The bond obligee is the party that will receive compensation if the bonded party fails to fulfill their obligations.
Example
The obligee rider added the landlord as an additional insured party on the tenant's renter's insurance policy.
Example
The obligee consented to the extension of the deadline for completion of the project.
Origins of obligee
from French 'oblige', meaning 'to oblige'
Summary: obligee in Brief
'Obligee' [ä-blə-ˈjē] refers to a person or organization that is owed money or is the recipient of an obligation. It is often used in legal and financial contexts, such as in contracts and insurance policies. Examples include 'The obligee of the contract is the party that will receive payment,' and 'The obligee has the right to enforce the terms of the agreement.'
