- The act of obligating. - That which obligates or constrains; the binding power
of a promise, contract, oath, or vow, or of law; that which constitutes
legal or moral duty. - Any act by which a person becomes bound to do something
to or for anouther, or to forbear something; external duties imposed by
law, promise, or contract, by the relations of society, or by courtesy,
kindness, etc. - The state of being obligated or bound; the state of
being indebted for an act of favor or kindness; as, to place others
under obligations to one. - A bond with a condition annexed, and a penalty for
nonfulfillment. In a larger sense, it is an acknowledgment of a duty to
pay a certain sum or do a certain things.
Meaning of 'obligation' (Princeton's WordNet)
1 . obligation
[ n]
Meaning (1): - the social force that binds you to the courses of action demanded by that force
Example in sentence:
every right implies a responsibility; every opportunity, an obligation; every possession, a duty;
we must instill a sense of duty in our children
Meaning (2): - the state of being obligated to do or pay something
Moral Obligation Bond Moral Obligation Bond is a tax-free revenue bond in which the government is not lawfully required to provide cash to cover a bond debt, but has a strong motivation to do this to prevent default.
What drives net financial obligations? Net financial obligations are increased by the obligation to pay interest, and by dividends, and are reduced by free cash flow.
Contingent obligation Contingent obligation is a financial instrument whose issuer pledges to pay if certain events (such as default on a loan) occur; for example,
Obligation Obligation is the responsibility to perform some act or pay a sum of money when due.
Social obligation Social obligation refers a firm’s engaging in social actions because of its obligation to meet certain economic and legal responsibilities.
Fiduciary obligation Fiduciary obligation means the obligation to always act in another’s (franchisor and franchisee) best interest; it is a mistake to assume that a franchisor...