Financial Obligation (Noun)
Meaning
An obligation to pay money to another party.
Classification
Nouns denoting natural processes.
Examples
- The company's financial obligation to its investors was to provide a 10% annual return on their investment.
- She took on a significant financial obligation when she signed the mortgage papers for her new home.
- The terms of the contract outlined the financial obligation of each partner in the business venture.
- After the divorce, he was left with a substantial financial obligation to pay alimony to his ex-wife.
- The student's financial obligation to the university was paid in full at the end of each semester.