obligation

obligation
/ˌɒblɪ'geɪʃ(ə)n/ noun
1. a duty to do something
There is no obligation to help out in another department
There is no obligation to buy.
two weeks’ free trial without obligation the customer can try the item at home for two weeks without having to buy it at the end of the test
to be under an obligation to do something to feel it is your duty to do something
he is under no contractual obligation to buy he has signed no contract which forces him to buy
to fulfil your contractual obligations to do what is stated in a contract
2. a debt
to meet your obligations to pay your debts

Dictionary of banking and finance. 2015.

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  • Obligation — Obligation …   Deutsch Wörterbuch

  • obligation — [ ɔbligasjɔ̃ ] n. f. • 1235; lat. jurid. obligatio, de obligare 1 ♦ Dr. Lien de droit en vertu duquel une personne peut être contrainte de donner, de faire ou de ne pas faire qqch. (⇒ créancier, 1. débiteur). Obligation alimentaire. (lat. in… …   Encyclopédie Universelle

  • obligation — ob·li·ga·tion /ˌä blə gā shən/ n 1: a promise, acknowledgment, or agreement (as a contract) that binds one to a specific performance (as payment); also: the binding power of such an agreement or indication held that the amendment did not… …   Law dictionary

  • Obligation — • Defined in the Institutes of Justinian as a legal bond which by a legal necessity binds us to do something according to the laws of our State Catholic Encyclopedia. Kevin Knight. 2006. Obligation     Obligation …   Catholic encyclopedia

  • obligation — Obligation. s. f. Acte public par lequel on s oblige pardevant Notaire de payer certaine somme. Une obligation de dix mille francs. la nouvelle Ordonnance deffend l obligation par corps. obligation solidaire &c. il m en a passé obligation… …   Dictionnaire de l'Académie française

  • obligation — Obligation, f. acut. Obligatio, Tabulae. Obligation de comparoir en justice, Vadimonium. Une solennité d obligation, ou alienation où il failloit entre autres choses cinq tesmoins, Nexus, siue Nexum. Avoir quelque obligation envers autruy sous… …   Thresor de la langue françoyse

  • Obligation — Ob li*ga tion, n. [F. obligation. L. obligatio. See {Oblige}.] 1. The act of obligating. [1913 Webster] 2. That which obligates or constrains; the binding power of a promise, contract, oath, or vow, or of law; that which constitutes legal or… …   The Collaborative International Dictionary of English

  • obligation — 1 Obligation, duty are comparable when they denote what a person is bound to do or refrain from doing or for the performañce or nonperformance of which he is held responsible. In ordinary usage obligation typically implies immediate constraint… …   New Dictionary of Synonyms

  • Obligation — (von lateinisch obligare anbinden, verpflichten) steht für: Obligation (Recht), die Haftung einer Person für ein Schuldverhältnis beziehungsweise das Schuldverhältnis als solches Wirtschaft und Finanzen: verzinsliches Wertpapier, eine… …   Deutsch Wikipedia

  • obligation — (n.) c.1300, from O.Fr. obligation (early 13c.), from L. obligationem (nom. obligatio) an engaging or pledging, lit. a binding (but rarely used in this sense), noun of action from pp. stem of obligare (see OBLIGE (Cf. oblige)). The notion is of… …   Etymology dictionary

  • obligation — [äb΄li gā′shən] n. [ME obligacioun < OFr obligation < L obligatio] 1. an obligating or being obligated 2. a binding contract, promise, moral responsibility, etc. 3. a duty imposed legally or socially; thing that one is bound to do by… …   English World dictionary

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