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obligor

An obligor is a person or organization that is bound by an obligation to another. In risk management, the most common use of this term is in bonding. For example, under a performance bond, the obligor is the contractor who supplies a bond to a project owner guaranteeing its performance of the contract.

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obligor

An obligor is a person or organization that is bound by an obligation to another. In risk management, the most common use of this term is in bonding. For example, under a performance bond, the obligor is the contractor who supplies a bond to a project owner guaranteeing its performance of the contract.

Synonyms

principal

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