obligee

noun ob·li·gee \ ˌä-blə-ˈjē \

Definition of obligee

: one to whom another is obligated (as by a contract); specifically : one who is protected by a surety bond

First Known Use of obligee

1574


Law Dictionary

obligee

noun ob·li·gee \ ˌä-blə-ˈjē \

legal Definition of obligee

: one (as a creditor) to whom another is legally obligated
  • an obligee protected by a surety bond
— compare debtor, obligor

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