primary obligor

См. также в других словарях:

• As a noun, an undertaking or promise that is collateral to the primary or principal obligation and that binds the guarantor to performance in the event of nonperformance by the principal obligor. — As a noun, an undertaking or promise that is collateral to the primary or principal obligation and that binds the guarantor to performance in the event of nonperformance by the principal obligor. A provision contained in a written document, such… …   Law dictionary

• demand guarantee — International A guarantee that imposes a primary obligation on the issuer to pay the beneficiary on its first demand for payment, where the primary obligor fails to perform the contract. The issuer s obligations are not affected by disputes over… …   Law dictionary

• Surety — A surety is a person who agrees to be responsible for the debt or obligation of another. Furthermore, a surety is also a security against loss or damage or for the fulfillment of an obligation, the payment of a debt, etc.; a pledge, guaranty, or… …   Wikipedia

• defeasance — The legal release of a debtor from being the primary obligor under the debt, either by the courts or by the creditor. Also called legal defeasance. See in substance defeasance The setting aside by a borrower of cash or bonds sufficient to service …   Financial and business terms

• in-substance defeasance — An advanced refunding in which the debtor is not legally released from being the primary obligor on the refunded bonds, but the possibility of the debtor having to make additional payments is considered remote under criteria provided by FAS 76.… …   Financial and business terms

• cashier's check — A check drawn directly on a customer s account, making the bank the primary obligor, and assuring firm that the amount will be paid. Bloomberg Financial Dictionary …   Financial and business terms

• obligation — A generic word, derived from the Latin substantive obligatio, having many, wide, and varied meanings, according to the context in which it is used. That which a person is bound to do or forbear; any duty imposed by law, promise, contract,… …   Black's law dictionary

• Child support — Family law Entering into marriag …   Wikipedia

• Child support in the United States — Main article: Child support The law governing child support in the United States varies state by state and Native American tribe by tribe; each individual state and federally recognized tribe is responsible for developing its own guidelines for… …   Wikipedia

• Bond credit rating — In investment, the bond credit rating assesses the credit worthiness of a corporation s or government debt issues. It is analogous to credit ratings for individuals. Contents 1 Table 2 Credit rating agencies 3 Credit rating tiers …   Wikipedia

• Security interest — A security interest is a property interest created by agreement or by operation of law over assets to secure the performance of an obligation, usually the payment of a debt.[1] It gives the beneficiary of the security interest certain… …   Wikipedia