This page is continued from Legal Instruments >>>> Bonds >>>> Legal Terms pertaining to Bonds >>>> Obligation >>> Obligor:
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joint obligor:
1. Same as coobligor.
coobligor:
1. A person liable with one or more others on a negotiable instrument or a contract; a person liable on a joint obligation or a joint and several obligation; a joint obligor. [1]
References:
Disclaimer: All material throughout this website is compiled in accordance with Fair Use.
[1]: Ballantine’s Law Dictionary Legal Assistant Edition
by Jack Ballantine (James Arthur 1871-1949). Doctored by Jack G. Handler, J.D. © 1994 Delmar by Thomson Learning. ISBN 0-8273-4874-6.
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