obligation

Definitions (3)
Related Terms
1. General: Bond of moral duty (whether of necessity or of one's own choosing) that ties two or more parties together.
2. Accounting: Duty to make future payment that is incurred as soon as a purchase order is placed, encumbers a certain sum of money, and is called obligation incurred.
3. Legal: Liability or duty to do something or refrain from doing something under the terms of a contract, such as the obligation of a borrower (the obligor) to pay back the lender (the obligee) under the terms of the loan agreement. Obligations usually involve a penalty for non-fulfillment.

Use 'obligation' in a Sentence

Going to my wife's family reunion is an obligation I have to do, but since it makes her happy I suppose there are worse things in life.
16 people found this helpful
Parents have a legal and moral obligation to do everything they can to make sure their children are properly taken care of.
14 people found this helpful
As a wife and mother, I have an obligation to my husband and my son to take care of them and to provide them with love and care.
14 people found this helpful


Show More Examples
Browse Dictionary by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z