from The American Heritage® Dictionary of the English Language, 4th Edition
- n. One who binds oneself to another by contract or legal agreement.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. The party bearing a legal obligation to another party, the obligee.
from the GNU version of the Collaborative International Dictionary of English
- n. The person who binds himself, or gives his bond to another.
from The Century Dictionary and Cyclopedia
- n. In law, the person who binds himself or gives his bond to another.
Historically, they buy up debt of weak companies and poor governments for pennies on the dollar, then they try get every cent out of the obligor possible.
Shouldn't a seller of a note/contract/loan at a steep discount be required to offer a stranger no higher discount than that offered to the debtor/obligor?
Most bundles probably were not assembled on the basis of the income producing level of the obligor as the primary security, but on the "hard" collateral.
If you are an individual depositor, obligor or shareholder, guess what, you're still the cannon fodder in this scenario.
The firm said the largest obligor concentrations could add volatility to the companies' capital and operating performance, which could limit its ratings without additional capital.
For example, the final criteria include a largest obligor'' test that lays out how much capital the bond insurer should have based on the probability of default by municipalities to which Assured Guaranty is most exposed.
"Under our proposed new methodology, we would assess the likelihood that an obligor can retain market access in the context of constrained liquidity in the credit markets," the company said.
When an accused ‘obligor’ fails, for whatever reason, to send his response on time, the court automatically issues a ‘default judgment,’ declaring him the legal father.
Two is the deficit, which is getting larger and is piling up debt for the next decades, and it ' s not easy for obligor to try to teach the obligee.
The obligor of the annuity must be trusted to be able to make good on the annuity payments that are due to the annuitant as this contract may not be collateralized with the underlying employer stock.