obligor

This rating changes as and when new information is available about the obligor's financial health.

The initiating state would determine if the obligor had a duty of support.

The responding court, with only one side represented tended to benefit the obligor.

It is akin to entirely eliminating that obligor from the obligation.

Credit risk: the risk that money owing will not be paid by an obligor.

It can be defined as the gross exposure under a facility upon default of an obligor.

Oftentimes, but not always, the obligor is a non-custodial parent.

According to one study 38% of Illinois "obligor" parents not paying child-support said they lacked the money to pay.

For purposes of clearance, the obligor is both maker and drawee.

D : the obligor is in default as it has failed on its financial commitments.

However, adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity of the obligor to meet its financial commitments.

In cases where an obligor is liable for specific expenses such as school tuition, they may pay them directly instead of through the obligee.

Persons other than the original obligor and obligee can become parties to a negotiable instrument.

A passive subject (called debtor or obligor): the person who is bound to the fulfillment of the obligation.

The other obligors could no longer seek any type of contribution from the renounced obligor if one were then required to render the whole performance.

Double default occurs in banking, when the obligor and the guarantor fail to meet their obligations.

Bond obligor requests may be sent to:

Likewise, if the obligor is spending more time with the child, they may petition the court for a reduction or even a reversal in support payments.

An obligation is solidary for the obligees when it gives each obligee the right to demand the whole performance from the common obligor.

If the obligor owes back child support, they must continue to make payments until the debt is satisfied, regardless of the age of the child.

If the initiating court upheld the claim, the initiating court would forward the case to the obligor's state.

In some cases, the responding court only had evidence from the obligor and not have any evidence from the initiating state or the obligee.

Debenture Debt instrument evidencing the holder's right to receive interest and principal installments from the named obligor.

For instance, if the obligor has a change in income or faces financial hardship, they may petition the court for a reduction in support payments.

Adverse business, financial, or economic conditions will likely impair the obligor's capacity or willingness to meet its financial commitments.