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
guaranteed introducing broker
Right to buy
sole proprietorship
short term debt ratio
industrial tribunal
See All Related Terms »

financial management
robust currency
continuing professional development
Boom and bust cycle
manufacturing resource planning