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obligee

American  
[ob-li-jee] / ˌɒb lɪˈdʒi /

noun

  1. Law.

    1. a person to whom another is obligated or bound.

    2. a person to whom a bond is given.

  2. a person who is under obligation for a favor, service, or benefit.


obligee British  
/ ˌɒblɪˈdʒiː /

noun

  1. a person in whose favour an obligation, contract, or bond is created; creditor

  2. a person who receives a bond

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Etymology

Origin of obligee

First recorded in 1565–75; oblige + -ee

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