{"id":949,"count":1,"description":"\r\nJump to:\r\nWhat is an obligor?<\/a>\r\nWhat are examples of an obligor?<\/a>\r\n\r\n\r\nWhat is an obligor?\r\n\r\nThe term obligor refers to a person or entity, which has assumed or undertaken certain duties or obligation to another party, through legal contract. Therefore, it is a person or entity bound by contractual obligations.\r\nObligor is a legal term, which applies to several instances, depending on the nature of the contract that dictates the obligor\u2019s obligations.\r\nFailing to fulfill contractual obligations can cause reputational damage, whether the obligor is a person, or a private or a public entity\/company. Reputational damage can include a decreased credit score.\r\n\r\n\r\nWhat are examples of an obligor?\r\n\r\nIn a financial contract, such as a sale of a property or a loan given out for the purchase of a property, the obligor is the party that is contractually obligated to provide a benefit or payment -that is the buyer of the property, or the debtor in the case of the loan, respectively. The term applies to a person, as well as an entity - holders of corporate debt are also obligors.\r\nA company that issues bonds is an obligor to its bondholders. Generally, the company must provide bondholders with set interest at specific times, or convert debt into equity in the case of certain occurrences, depending on the terms of the contract between the company and the bondholders (the obligees).\r\nThe original bond issue will include what is called covenants. These can be affirmative (they dictate the obligation to do something) or negative (they outline the restriction from doing something). A breach would be if the obligor fails to meet an affirmative covenant or if the obligor fails to comply with the restrictions of a negative covenant.\r\n\r\n\r\nYou might also be interested in:\r\n\r\n \tWhat types of lease are there?<\/a>\r\n \tWhat types of POA are there?<\/a>\r\n \tWhat types of variance are there?<\/a>\r\n\r\n\r\n\r\nSearch other terms\r\n\r\n\r\n\r\nA<\/a>\r\nB<\/a>\r\nC<\/a>\r\nD<\/a>\r\n\r\n\r\nE<\/a>\r\nF<\/a>\r\nG<\/a>\r\nH<\/a>\r\n\r\n\r\nI<\/a>\r\nJ<\/a>\r\nK<\/a>\r\nL<\/a>\r\n\r\n\r\nM<\/a>\r\nN<\/a>\r\nO<\/a>\r\nP<\/a>\r\n\r\n\r\nQ<\/a>\r\nR<\/a>\r\nS<\/a>\r\nT<\/a>\r\n\r\n\r\nU<\/a>\r\nV<\/a>\r\nW<\/a>\r\nX<\/a>\r\n\r\n\r\nY<\/a>\r\nZ<\/a>\r\n\r\n\r\n\r\nPopular terms\r\n\r\n\r\n\r\nAmortization<\/a>\r\n\r\n\r\nEquity <\/a>\r\n\r\n\r\nNotary Public <\/a>\r\n\r\n\r\nProgression\/Regression<\/a>\r\n\r\n\r\nAcquisition <\/a>\r\n\r\n\r\nAnnuity <\/a>\r\n\r\n\r\nAsset <\/a>\r\n\r\n\r\nFiduciary <\/a>\r\n\r\n\r\nInflation <\/a>\r\n\r\n\r\nContingency <\/a>\r\n\r\n\r\nEscrow<\/a>\r\n\r\n\r\nPower of attorney <\/a>\r\n\r\n\r\nReal Estate Agent <\/a>\r\n\r\n\r\nEminent Domain <\/a>\r\n\r\n\r\nLiability <\/a>\r\n\r\n\r\nStatute of Limitations<\/a>\r\n\r\n\r\nValid <\/a>\r\n\r\n\r\nVariance<\/a>\r\n\r\n\r\nContiguous <\/a>\r\n\r\n\r\nDeficit<\/a>\r\n\r\n\r\n\r\n","link":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-obligor\/","name":"Obligor","slug":"cre-term-obligor","taxonomy":"post_tag","meta":[],"yoast_head":"\nWhat is an Obligor? - Commercial Real Estate Dictionary<\/title>\n<meta name=\"description\" content=\"The term obligor refers to a person or entity, which has assumed or undertaken certain duties or obligation to another party, through legal contract.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-obligor\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Obligor Archives\" \/>\n<meta property=\"og:description\" content=\"The term obligor refers to a person or entity, which has assumed or undertaken certain duties or obligation to another party, through legal contract.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-obligor\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialCafe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"CollectionPage\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-obligor\/\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-obligor\/\",\"name\":\"What is an Obligor? 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