obligational

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obligational

The contract includes an obligational clause for both parties.

Definition

Adjective: 1. Relating to or constituting an obligation: Pertaining to something that creates or involves a duty, commitment, or binding requirement. 2. Qualified to create a legal or financial obligation: Describing an authority, power, or act that legally binds a party to a future commitment or payment.

Usage and Examples

The adjective "obligational" is primarily used in formal, legal, and financial contexts to describe the nature of a duty or the authority to incur one.

  • The contract's obligational clauses clearly outline the duties of each party.
  • Congress must approve obligational authority before federal agencies can commit to spending funds.
  • The study focused on the obligational aspects of the treaty, rather than its symbolic elements.
Advanced Usage
  • Obligational Authority: A specific term in governmental finance referring to the legal power granted to an agency to enter into contracts or other agreements that will require future payments from the treasury.
    • Example: The department received its obligational authority for the new fiscal year.
Variants and Related Words
  • Obligation (n): A duty or commitment.
  • Obligatory (adj): Required by a rule, law, or custom; mandatory. (Note: "Obligatory" is more common and general, while "obligational" is more technical and specific to creating binding duties.)
  • Obligate (v): To bind or compel legally or morally.
Synonyms
  • Binding
  • Compulsory (in the context of creating a duty)
  • Mandatory (in the context of creating a duty)
Antonyms
  • Voluntary
  • Discretionary
  • Optional
obligational

The contract includes an obligational clause for both parties.

Adjective
  1. relating or constituting or qualified to create a legal or financial obligation
    • obligational authority

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