Definition - What does Obligee mean?
An obligee is a person with a legal requirement to do something. This is usually seen with regard to someone who owes money or services to another person or business. The term obligee designates the person that is obliged to perform a certain set of predetermined actions. An obligee can be seen within bank or investment loan repayment plans as well as in most contracts where one party agrees to provide a set sum of money or certain service in exchange for something else that has been clearly defined.
Justipedia explains Obligee
An obligee is a term widely found in general law. The term is mainly used when financial obligations are made through child support or divorce/alimony actions or financial settlement of a court case; the obligee can be either party within an action.
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