obligee
Definition
Obliging party (bond holder, creditor, lender, insurance policy holder, etc.) in whose favor a promise is made or an obligation is entered into by an obligor, under the terms of an agreement. Also called promisee.
obligee is in the Agreements & Contracts and Corporate, Commercial, & General Law subjects.
obligee appears in the definitions of the following terms:
security agreement,
bond,
settlement,
secured party,
security interest,
surety bond,
ancillary guaranty,
commercially reasonable,
bonding company,
security
and
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