obligor
/ˌɑblɪˈɡɔr/
noun
- A person or organization that is legally required to do something, such as pay a debt or fulfill a contract.
- The obligor must make monthly payments until the loan is fully repaid.
- If the obligor fails to deliver the goods on time, they may face a penalty.
- The court ordered the obligor to pay child support every month.
Antonyms