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obligee
[ ob-li-jee ]
noun
- Law.
- a person to whom another is obligated or bound.
- a person to whom a bond is given.
- a person who is under obligation for a favor, service, or benefit.
obligee
/ ˌɒblɪˈdʒiː /
noun
- a person in whose favour an obligation, contract, or bond is created; creditor
- a person who receives a bond
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Example Sentences
An obligee of a common money bond can, since the date of the Judicature Act, obtain summary judgment under O. xiv.
From Project Gutenberg
Such a bond, if the obligee has exacted unconscionable terms, may be set aside.
From Project Gutenberg
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