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Obligee vs Payee - What's the difference?

obligee | payee |

As a noun obligee

is (legal|finance) the party owed an obligation by another party, the obligor.

As a verb payee is

.

obligee

English

Noun

(en noun)
  • (legal, finance) The party owed an obligation by another party, the obligor.

    • Coordinate terms

    *obligor

    See also

    *obligatee

    payee

    English

    Noun

    (en noun)
  • One to whom money is paid.

    • Antonyms

    * payer