Definition Definition

> Business Glossaries > Banking & Finance

Obligation

Obligation is the responsibility to perform some act or pay a sum of money when due.

Category: Banking & Finance
Share it: CITE

Related Definitions

Recent Definitions

Voluntary Exchange Voluntary exchange is willingly trading goods, services, or resources between...
Sublease A sublease is a contract for residential or commercial space...
Silver Certificate Value A silver certificate is paper money that may be traded...
Signature Loan Signature Loan is the borrowed amount with a set rate...
Blanket Mortgage Blanket Mortgage combines the financing of two or many real...
Straw Buyer Straw Buyer is somebody who purchases anything on someone else's...
Categories