obligee

The obligee receives the payment from the obligor.

Definition

1. Noun:
   • A person to whom a duty or obligation is owed: In legal and formal contexts, an "obligee" is the individual or entity entitled to receive performance of a duty, such as payment, service, or compliance, from another party (the obligor).
   • A person who holds a bond or contract: Specifically, the party in whose favor a bond, contract, or guarantee is made, giving them the right to demand fulfillment of the terms.
   • A person who is indebted to another for a favor: In rare or historical usage, an "obligee" can refer to someone who is under an obligation of gratitude or indebtedness to another.

Usage Examples

• Legal context:

  • The bank, as the obligee, required the borrower to repay the loan by the due date. (The bank is the entity entitled to receive repayment.)
  • In the contract, the obligee is the landlord who expects rent from the tenant. (The landlord is the party owed the duty of payment.)

• Bond or guarantee context:

  • The surety company paid the obligee after the contractor failed to complete the project. (The obligee is the party compensated under the bond.)

• Rare or historical usage:

  • She felt herself an obligee to her mentor for years of guidance. (She felt indebted to her mentor.)

Advanced Usage

• "Obligee in a trust": In trust law, the obligee is the beneficiary entitled to enforce the trustee's duties.

  • The trust fund's obligee, the minor child, had a legal claim to the assets. (The child is entitled to enforce the trust.)

• "Joint obligee": When two or more parties are collectively entitled to performance.

  • The joint obligees, both co-owners of the property, demanded payment from the buyer. (Both owners are owed the duty.)

Variants and Related Words

• Obligor (n): the person who has a duty or obligation to the obligee.

  • The obligor failed to make the scheduled payment to the obligee. (The debtor failed to pay the creditor.)

• Obligation (n): a duty or commitment owed to an obligee.

  • The obligee had a legal obligation to enforce the contract. (The obligee had a duty to act.)

Synonyms

• Creditor: a person to whom money is owed (common in financial contexts).
  • The creditor, as the obligee, demanded repayment.
• Beneficiary: a person who benefits from a contract or trust.
  • The beneficiary of the insurance policy is the obligee.

Related Idioms

• "To be in someone's debt": to owe a favor or duty to an obligee.

  • After his rescue, he was in the lifeguard's debt, making the lifeguard his moral obligee. (He felt obligated to repay the favor.)

• "To hold someone to an obligation": to enforce a duty owed to an obligee.

  • The obligee held the contractor to the obligation of completing the work on time. (The obligee demanded compliance.)