Series 50: Obligated Person

Taken from our Series 50 Online Guide

Obligated Person

An obligated person, also referred to as an obligor, is anyone who is required to pay a portion or the entirety of the interest payments or principal repayment for an issuance. If a municipal entity issues a bond for its own purposes, then it is the obligated person, but if the entity acts as a conduit issuer, then the conduit borrower, that is, the third party, will be considered the obligated person.

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