What does it mean to obligate?

Obligation is a term of art in business that refers to the legally binding agreement between two or more parties. obligations are generally created by written contracts, but can also be created by an implied agreement or even by a court decree.

What does it mean to obligate a word?

A verb is an action word that tells us how something is done. Obligated means to require someone to perform a particular action. There are many ways you can obligate someone. For example, if you say, "I will see you in the break room at 10:30," you are obligating your coworker to be present at that time. Obligation can also be financial. If your boss tells you to submit a report by Friday, you are obligated to do so. Ob

What is the meaning of obligated?

Obligation is when one person is legally bound to do something for another person or a group of people. The word obligation may sound a little scary, but it simply means that the party obligated has to do something. Obligation is different from a contract. A contract is something signed by two people that outlines the terms under which they will do business with one another. Obligation, on the other hand, is an agreement between two people or an entity and specific people or people groups that

What does it mean to be obligated?

Obligation is the legal duty of a party to perform a specific action or actions under certain circumstances. Obligation can occur as a result of a legal contract, the actions of a person under the law, or even as a result of a moral or ethical obligation. Obligation is a broad term, and it can refer to the actions of an individual, a business, or an organization.

What does it mean to obligate a debt?

Obligation is the creation of debt by another party, usually the debtor. The word implies an obligation on the part of the debtor to repay the money or perform the other terms of the contract. Obligation is a legal term, so when two parties enter into an agreement, they create a legally binding relationship and the terms of the agreement are legally enforceable by the parties. If a party fails to perform the terms of an agreement, the other party has a legal right to enforce the terms