Obligee
Term · Law · MLC-T-LAW-003507
The party to whom another party, the obligor, owes a duty or obligation. This individual or entity has the right to receive performance or payment from the obligor under a contract, bond, or other legal instrument. In a surety bond, the obligee is the party protected by the bond against the obligor's failure to perform.
| Identifier | MLC-T-LAW-003507 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-003507",
"term": "Obligee",
"field": "Law",
"definition": "The party to whom another party, the obligor, owes a duty or obligation. This individual or entity has the right to receive performance or payment from the obligor under a contract, bond, or other legal instrument. In a surety bond, the obligee is the party protected by the bond against the obligor's failure to perform.",
"url": "https://mlchart.com/terminology/law/obligee/"
}
Record 3,494 of 5,439 in Law terminology (MLC-0107). Request the full dataset.