obligors
/ˌɑblɪˈɡɔrz/
noun
- Plural of obligor; people or organizations that are legally required to do something, such as pay debts or fulfill contracts.
- The new law protects obligors from unfair debt collection practices.
- The bank sent reminders to all obligors whose payments were overdue.
- Both obligors signed the agreement and promised to meet their obligations.