FOLIO Ontology

Identification

IRI:
https://folio.openlegalstandard.org/R8428LJEfCIiJBkESQPpEhQ
Label Obligor
Preferred Label Covenantor
Identifier N/A
Alternative Labels
Grantor Promisor

Definition

An obligor is a person, organization, or entity that is legally bound to perform a specific duty or pay a certain amount to another party, known as the obligee. The term is commonly used in contract law, finance, and other legal contexts to identify the party with the obligation to fulfill the terms of a contract, loan, or other legal arrangement.

Class Relationships

Parent Class Of 0

  • None

Class Hierarchy Visualization

Interactive graph showing class relationships - click on any node to navigate to that class

Additional Information

Metadata

Comment

None

Description

None

Notes

  • None

Editorial Information

History Note

None

Editorial Note

None

Deprecated

No

Source and Origin

No source or origin information available