What Is a Co-Obligor?

One who is bound together with one or more others to fulfil an obligation. He may be jointly or severally bound. On payment of the obligation by any one of them, when it was for a joint debt, the payer is entitled to contribution from the other co-obligors. ...

Is obligor the same as borrower?

As nouns the difference between borrower and obligor

is that borrower is one who borrows while obligor is (legal|finance) the party bearing a legal obligation to another party, the obligee.

Is obligor the creditor?

OBLIGEE or CREDITOR, contracts. The person in favor of whom some obligation is contracted, whether such obligation be to pay money, or to do, or not to do something.