obligee

Definition of "obligee"
  1. The individual or organization that is entitled to receive something as part of a legal agreement
How to use "obligee" in a sentence
  1. In the context of a loan, the bank serves as the obligee who has to be repaid.
  2. The insurance company was the obligee in the insurance contract, expected to receive the premium.
  3. In the contract, the customer was noted as the obligee to whom the services were to be provided.

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