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Home > QFINANCE Dictionary > Definition of obligation

Definition of

obligation

Legal

legal agreement, especially to pay debt a binding legal agreement, by which somebody is bound to do something, especially to pay an amount of money

Definitions of ’obligation’ and meaning of ’obligation’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’obligation’ and other financial terms with our online QFINANCE Financial Dictionary.

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