Definitions of obligor
a person or entity that owes a contractual or other obligation to another (=the obligee)
Under the terms of the contract, the obligor was bound to render (=give) a performance in favour of the obligee.
obligor
noun
noun
a person or entity that owes a contractual or other obligation to another (=the obligee)
Under the terms of the contract, the obligor was bound to render (=give) a performance in favour of the obligee.