obligation
noun
  1. a duty to do something

    Examples
    • There is no obligation to help out in another department

    • There is no obligation to buy.

    Usage
    to fulfil your contractual obligations
    to do what is stated in a contract
  2. a debt

    Usage
    to meet your obligations
    to pay your debts
Browse by Subjects
Bill
Unsuitability
grantor
offset
debit
See All Related Terms »

enterprise value to ebitda (EV/EBITDA)
ticker tape
bank mandate
savings and loan
gross sales