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Obligor vs Payor - What's the difference?

obligor | payor |

As nouns the difference between obligor and payor

is that obligor is the party bearing a legal obligation to another party, the obligee while payor is the maker of a payment.

obligor

English

Noun

(en noun)
  • (legal, finance) The party bearing a legal obligation to another party, the obligee.

    • Coordinate terms

    * obligee

    payor

    English

    Alternative forms

    * payer

    Noun

    (en noun)
  • (Law, healthcare, medical insurance) The maker of a payment.