Definition, Meaning & Synonyms
obligee
noun
/əˈblaɪdʒiː/
Definition
A person to whom another is bound or obliged, typically in a legal context.
Examples
- The lender serves as an obligee in the loan agreement, awaiting repayment from the borrower.
- In a contract, the obligee has the right to enforce the obligations of the obligor.
- When the service is rendered, the obligee can accept the benefits of the completed work.
Meaning
The obligee is the party in a contract or agreement who is entitled to receive benefits or performance from the other party, known as the obligor.
Synonyms
- party entitled
- beneficiary
- creditor
- recipient
