Definition of "obligor" []

• One who binds oneself to another by contract or legal agreement. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "Historically, they buy up debt of weak companies and poor governments for pennies on the dollar, then they try get every cent out of the obligor possible."
• "Shouldn't a seller of a note/contract/loan at a steep discount be required to offer a stranger no higher discount than that offered to the debtor/obligor?"
• "Most bundles probably were not assembled on the basis of the income producing level of the obligor as the primary security, but on the "hard" collateral."