obligor
C2CEFR level
88/100Rarity: very rare
TechnicalRegister
Law noun
The party bound by an obligation to another.
The obligor defaulted on the first instalment falling due under the loan.
Business noun
The party that owes payment under a bond or loan.
When the obligor missed its coupon, the trustee declared an event of default.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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