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obligor

Defined in 9 dictionaries — U.S. Code, Cyclopedic (1922), Ballentine's (1916), Bouvier (1914), Black's (1910), Kinney (1893), Black's (1891), Stimson (1881), Abbott (1879)

United States Code

10 U.S.C. § 149 — in this section

The term "obligor" means a party that is primarily liable for payment of the principal or interest on a loan.

23 U.S.C. § 181 — in this subchapter

Obligor.—The term “obligor” means a party primarily liable for payment of the principal of or interest on a Federal credit instrument, which party may be a corporation, partnership, joint venture, trust, or governmental entity, agency, or instrumentality.

23 U.S.C. § 601 — in this section (5 versions over time)

The term “obligor” means a party that—

(A) is primarily liable for payment of the principal of or interest on a Federal credit instrument; and

(B) may be a corporation, partnership, joint venture, trust, or governmental entity, agency, or instrumentality.

33 U.S.C. § 3901 — in this chapter

The term "obligor" means an eligible entity that is primarily liable for payment of the principal of, or interest on, a Federal credit instrument.

42 U.S.C. § 16371 — in this part

The term "obligor" means a corporation, partnership, joint venture, trust, non-Federal governmental entity, agency, or instrumentality, or other entity that is liable for payment of the principal of, or interest on, a Federal credit instrument.

46 U.S.C. § 53701 — in this chapter (3 versions over time)

Obligor.—The term "obligor" means a party primarily liable for payment of the principal of or interest on an obligation.

49 U.S.C. § 41762 — in this subchapter

Obligor.—The term “obligor” means a party primarily liable for payment of the principal of or interest on a Federal credit instrument, which party may be a corporation, partnership, joint venture, trust, or governmental entity, agency, or instrumentality.

Show all 7 definitions and how they changed over time

The Cyclopedic Law Dictionary

Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922

The person who has engaged to perform some obligation. Code La. art. 3522, No. 12. One who makes a bond. OBLIQUUS (Lat.), In the Old Law of Descents. Oblique; cross; transverse; collateral. The opposite of rectus, right, or upright. Fleta, lib. 5, c. 7, § 2. ^^In the Law of Evidence. Indirect; circumstantial. Vinn. Juris. Cent. lib. 4, c. 25.

Ballentine's Law Dictionary

James A. Ballentine · 1916

One who is bound by an obligation.

Bouvier's Law Dictionary and Concise Encyclopedia

John Bouvier; revised by Francis Rawle · 1914

The person who has engaged to perform some obligation. La. Code, art. 3522, no. 12. One who makes a bond. Obligors are joint and several. They are joint when they agree to pay the obligation jointly: and then the survivors only are liable upon it at law, but in equity the assets of a deceased joint obligor may be reached; 1 Bro. C. C. 29; 2 Ves. 101, 371. They are several when one or more bind themselves and each of them separately to perform the obligation. In order to become an obligor, the party must actually, either himself or by his attorney, enter into the obligation and execute it as his own. If a man sign and seal a bond as bis own and deliver it, he will be bound by it although bis name be not mentioned in the bond; Williams v. Greers’ Adm’rs, 4 Ilayw. (Tenn.) 230; Stone v. Wilson, 4 Mc Cord (S. C.) 203; Smith v. Crooker, 5 Mass. 538; Blakey v. Blakey, 2 Dana (Ky.) 403; Vanliook v. Barnett, 15 N. C. 272. When the obligor signs between the penal part and the condition, still the latter will be a part of the instrument; Reed v. Drake, 7 Wend. (N. Y.) 315; Arganbright v. Campbell, 3 Hen. & M. (Va.) 144. The execution of a bond by the obligor, in blank, with verbal authority to fill it up, does not bind the obligor, though it is afterwards filled up, unless the bond is redelivered or acknowledged or adopted; Boyd v. Boyd, 2 N. & MC. (S. C.) 125; U. S. v. Nelson, 2 Brock. 34, Fed. Cas. No. 15,832; Ayres v. Harness, 1 Ohio 338, 13 Am. Dec. 020; Peebles v. Mason, 13 N. 0. 3311; Byers v. Me Clanaban, G Gill & J. (Md.) 250. But see, contra, Wiley v. Moor, 17 S. & R. (Pa.) 438, 17 Am. Doe. 303; and see Sigfried v. Levan, G S. & R. (Pa.) OOS, 0 Am. Dee. 427; Franklin Bk. v. Bart let, Wright (Ohio) 742; Blank. All obligors in a joint bond are presumed to be principals, except such as have the word “security” opposite their names; Harper’s Adm’r v. Mc Veigh’s AdiuT, 82 Va. 751, 1 S. E. 103.

Black's Law Dictionary

Henry Campbell Black, M.A. · 1910

The person who has engaged to perform some obligation. Code Ln. art. 3522, no. 12. One who makes a bond.

A Law Dictionary and Glossary

George C. Kinney · 1893

A party who binds himself, as by a bond; the party by whom' a bond is given.

A Dictionary of Law

Henry Campbell Black · 1891

The person who has engaged to perform some obligation. Code La. art. 3522, no. 12. One who makes a bond.

Glossary of Technical Terms, Phrases, and Maxims of the Common Law

Frederic Jesup Stimson · 1881

The party bound. ise is made in a bond.

Dictionary of Terms and Phrases Used in American or English Jurisprudence

Benjamin Vaughan Abbott · 1879

The person by whom a bond or written obligation is made; the one bormd by it.