# Obligor

**IRI:** https://folio.openlegalstandard.org/R8428LJEfCIiJBkESQPpEhQ

## Labels

**Preferred Label:** Covenantor

**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.

## Sub Class Of

- https://folio.openlegalstandard.org/RCEDL3kMYgjFUEOhOyGp3IE

## See Also

- https://folio.openlegalstandard.org/R8VN5tK4TtD0GqDw2NCbaLr
- https://folio.openlegalstandard.org/R8xB67rtMDMgJgiTMAX9UXW
- https://folio.openlegalstandard.org/RCIPwpgRpMs1eVz4vPid0pV
- https://folio.openlegalstandard.org/RClFNLrDawcQ4HuRbzm6JJI
- https://folio.openlegalstandard.org/RDtFkLR3v97fran5zQ3ugao

**Deprecated:** False