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obligation

nounverified·updated May 9, 2026

A binding agreement committing a person to an immediate or future payment or other action.

Framework senses

NY DFS Part 500 (NYCRR Title 23, Chapter 1, Part 500)1 senseview framework →
§1
A binding agreement committing a person to an immediate or future payment or other action.
Wordset Dictionary5 sensesview framework →
§1
the social force that binds you to the courses of action demanded by that force
§2
a legal agreement specifying a payment or action and the penalty for failure to comply
§3
a written promise to repay a debt
§4
a personal relation in which one is indebted for a service or favor
§5
the state of being obligated to do or pay something