obligors

Example:Both parties involved in the agreement became persons bound by an obligation to each other.

Definition:A person who is legally or contractually compelled to perform a specific action or deliver something as per an agreement.

Example:The company was the debtor in the lawsuit and had to fulfill all financial obligors' terms.

Definition:An individual or entity that is obligated to pay a debt, typically arising from a contractual agreement or legal judgment.

Example:All parties in the agreement, including the obligors, must adhere to the contractual terms.

Definition:Any individual or entity that is a participant in a legal or contractual agreement, often required to fulfill certain obligations under the agreement.