Definition of obligee

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WebJun 22, 2024 · Obligee pronunciation How to pronounce Obligee in English?/,ɑːblə`dʒiː/Meaning of Obligee What is Obligee?The person to whom another is bound, or the per... WebPrincipal Obligee means any natural or legal person, who by a customs declara• tion, applies to carry out an Inter - State Road Transit operation and is thus res• ponsible to the competent authorities for the regular execution of this opera• tion; Sample 1. Based on 2 …

Obligee definition and meaning Collins English Dictionary

Webobligee meaning: 1. the person or group who must receive something such as a payment or benefit from someone…. Learn more. WebIn the case of contract bonds, the obligee is the party creating the contract – eg. for a construction project or service agreement. Whoever is designated as the obligee … ian hyman \u0026 co

Obligor vs. Obligee — which one are you? - Family Law, …

WebDefine obligee. obligee synonyms, obligee pronunciation, obligee translation, English dictionary definition of obligee. n. One to whom another is under obligation by a … Webobligate: [adjective] restricted to one particularly characteristic mode of life. Webinsurance obligor and insurance obligee. (2) If the employer or labor union or trade union. offers more than one plan, the order shall require the insurance obligor to name the child as a beneficiary of the plan in which the insurance obligor is enrolled. (3) Nothing in this Section shall be construed to. limit the authority of the court to ... ian iancrossland

Obligees Definition & Meaning - Merriam-Webster

Obligor vs. Obligee: What

WebLearn more about English word: obligee, including definition, synonyms, antonym, pronunciation. WebOct 4, 2024 · The obligee can be a bank, a credit company, or a person who gets a surety bond to make sure that another person will complete something as contractually promised. Insurance policyholders are also obligees, insofar as their insurance contract stipulates that they are obliged to pay premiums to the insurance company. Advertisement. ian hypolite trinidadWebDefinition of "Obligee". Steve Marsocci, Real Estate Agent Coldwell Banker Realty - East Greenwich. The definition of obligee is the person to whom a debt or obligation is owed. An obligee is one party of a contract … ian hylands

"WebObligee. The individual to whom a particular duty or obligation is owed. The obligation might be to pay a debt or involve the performance or nonperformance of a particular act. The … " - Definition of obligee

Definition of obligee

Obligee - Definition, Examples, Cases, Pr…

WebAug 3, 2024 · The bond obligee is the person that the surety company will pay if you do not fulfill your contractual obligations. The bond obligee in a vehicle dealer’s bond is typically either the state or federal government that regulates motor vehicle dealers and enforces laws against them. States require these bonds because they want to make sure ... WebJun 22, 2024 · Obligee pronunciation How to pronounce Obligee in English?/,ɑːblə`dʒiː/Meaning of Obligee What is Obligee?The person to whom another …

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Webobligee. An obligee is person or organization to whom another party (the "obligor") owes an obligation. In risk management, the most common use of this term is in bonding. For example, under a performance bond, the obligee is the project owner for whom the bonded contractor is required to perform the specified work. On This Page. WebDefinition of obligee in the Definitions.net dictionary. Meaning of obligee. What does obligee mean? Information and translations of obligee in the most comprehensive dictionary definitions resource on the web. Login . The STANDS4 Network. ABBREVIATIONS; ANAGRAMS; BIOGRAPHIES; CALCULATORS; CONVERSIONS; …

WebAug 22, 2024 · Take- aways. The terms debtor and creditor are synonymous with obligor and obligee. The obligor is the debtor, and the obligee is the creditor. If you’ve ever taken out a loan, you were the obligor, and your lender was the obligee. In corporate settings, obligors are contractually obligated to meet commitments also known as covenants. WebPrincipal: The party required to fulfill a specified obligation. Surety: The party backing the contractual obligation to perform the task is called the “surety,” or guarantor. Obligee: The party protected by the surety’s backing that the principal will uphold the agreement. If the party responsible for upholding the promise fails to do so ...

WebMar 23, 2024 · Obligor: An obligor, also known as a debtor, is a person or entity who is legally or contractually obliged to provide a benefit or payment to another. In a … WebObligee definition at Dictionary.com, a free online dictionary with pronunciation, synonyms and translation. Look it up now!

WebObligee definition: a person in whose favour an obligation , contract , or bond is created ; creditor Meaning, pronunciation, translations and examples

ian ibbotsonWebobligee definition: 1. the person or group who must receive something such as a payment or benefit from someone…. Learn more. ian ibbetson photographyWebJul 15, 2024 · An Obligee is a creditor, the parent who collects child support, or the party requesting a surety bond in an insurance context. Even though a divorce is granted with a final order, that order can be modified if the financial situation of the obligor or obligee changes significantly. The obligation to pay child support, however, is one that ... ian iancrossland everywhere