obrigado
1. A person who is legally bound or obligated to do something, especially in a financial or contractual context; one who owes an obligation
The obligor must repay the loan according to the terms of the contract.
O obrigado deve reembolsar o empréstimo de acordo com os termos do contrato.
2. In legal and financial contexts, a party who assumes a duty or liability to another party
As the obligor on the promissory note, he is responsible for payment.
Como obrigado da nota promissória, ele é responsável pelo pagamento.
This is a formal legal and financial term primarily used in Brazil and Portugal in contractual agreements, loan documents, and financial transactions. It is not commonly used in everyday conversation but is essential in legal, banking, and business contexts. The term reflects the formal structure of Portuguese legal terminology.
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