conventional obligation

Definition of "conventional obligation"
  1. This is a type of obligation that arises from a formally agreed contract
How to use "conventional obligation" in a sentence
  1. The builder faced a conventional obligation to complete the construction project as per the terms set in the contract.
  2. Under the conventional obligation, the insurance company must pay out claims that are valid and within the scope of the policy.
  3. The tenant has a conventional obligation to pay rent on the stipulated dates as stated in the rental agreement.

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