obligation — ob|li|ga|tion [ ,ablı geıʃn ] noun count or uncount *** 1. ) something that you must do for legal or moral reasons: obligation to do something: Buyers have no legal obligation to disclose personal financial information. meet/honor/fulfill an… … Usage of the words and phrases in modern English
obligation */*/*/ — UK [ˌɒblɪˈɡeɪʃ(ə)n] / US [ˌɑblɪˈɡeɪʃ(ə)n] noun [countable/uncountable] Word forms obligation : singular obligation plural obligations 1) something that you must do for legal or moral reasons have an obligation to someone/something: The firm has… … English dictionary
obligation — noun (C, U) 1 a moral or legal duty to do something: obligation to do sth: You can look at the books without any obligation to buy. (+ to): I have certain obligations to my family. | meet/fulfil an obligation (=do something that is your duty):… … Longman dictionary of contemporary English
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
Obligation — • Defined in the Institutes of Justinian as a legal bond which by a legal necessity binds us to do something according to the laws of our State Catholic Encyclopedia. Kevin Knight. 2006. Obligation Obligation … Catholic encyclopedia
obligation — ob·li·ga·tion /ˌä blə gā shən/ n 1: a promise, acknowledgment, or agreement (as a contract) that binds one to a specific performance (as payment); also: the binding power of such an agreement or indication held that the amendment did not… … Law dictionary
without recourse — A form of qualified indorsement, exonerating the indorser from liability as such. Bank of St. Albans v Gilliland (NY) 23 Wend 311. Words used or directly implied by an assignor to negative any guaranty of the assigned obligation. 6 Am J2d Assign… … Ballentine's law dictionary
Collateralized mortgage obligation — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond … Wikipedia
L'obligation sans cause, on sur une fausse cause, on sur cause illicite, ne peut avoir aucun effet — An obligation without any consideration, or with a false one, or with an unlawful one, cannot have any effect … Ballentine's law dictionary
Collateralized debt obligation — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond … Wikipedia
Simple obligation — Simple Sim ple, a. [Compar. {Simpler}; superl. {Simplest}.] [F., fr. L. simplus, or simplex, gen. simplicis. The first part of the Latin words is probably akin to E. same, and the sense, one, one and the same; cf. L. semel once, singuli one to… … The Collaborative International Dictionary of English