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GLOSSARY: Enter search term:
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Glossary Term: OBLIGATION

Definition(s) for OBLIGATION:


1. ) refers to a legal responsibility, for instance, to repay a debt.

2. ) The requirement imposed on debtor to pay a debt and the legal right of a creditor to enforce payment.


See Also:
ACCUMULATED BENEFIT OBLIGATION (ABO), ARBITRAGE CDO (COLLATERIZED DEBT OBLIGATION), COLLATERALIZED BOND OBLIGATION (CBO), COLLATERALIZED DEBT OBLIGATION (CDO), COLLATERALIZED LOAN OBLIGATION (CLO), COLLATERALIZED MORTGAGE OBLIGATION (CMO), GENERAL OBLIGATION (GO), MORAL OBLIGATION BOND, PROJECTED BENEFIT OBLIGATION (PBO), REVENUE OBLIGATION, TRANSITION OBLIGATION, VESTED ACCUMULATED BENEFIT OBLIGATION, OBLIGATION BOND, POSITIVE OBLIGATION, GENERAL OBLIGATION BOND (GO), GENERAL OBLIGATION BONDS, GENERAL OBLIGATION BOND


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