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What is an obligator?

What is an obligator? Here are some definitions.

Noun
  1. (law) One who establishes an obligation under law
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Examples
The purchaser and its investors have no recourse to the Company's other assets for failure of the obligator to pay the amounts when due.
This surety bond will indemnify the performance of the obligator.
Currently, the obligator has the capacity to meet its financial commitment on the obligation.

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