obligee
Defined in 2 places across 2 titles of the United States Code.
Obligee.—The term "obligee" means the holder of an obligation.
Source
- 2006–present46 U.S.C. § 53701Shipping · Definitions · in this chapter
The term “obligee” means (A) in the case of a bid bond, the person requesting bids for the performance of a contract, or (B) in the case of a payment bond or performance bond, the person who has contracted with a principal for the completion of the contract and to whom the obligation of the surety runs in the event of a breach by the principal of the conditions of a payment bond or performance bond.
Source
- 1994–present15 U.S.C. § 694ACommerce and Trade · Definitions · as used in this part
The term “obligee” means the holder of an obligation.
Source
- 201646 U.S.C. § 53701Shipping · Definitions · in this chapter