Ballentine's law dictionary. Anderson, W.S.. 1998.
obligation — A generic word, derived from the Latin substantive obligatio, having many, wide, and varied meanings, according to the context in which it is used. That which a person is bound to do or forbear; any duty imposed by law, promise, contract,… … Black's law dictionary
primary — First; principal; chief; leading. First in order of time, or development, or in intention. As to primary conveyance primary election primary obligation primary vein, see those titles @ primary activity Concerted action such as a strike or… … Black's law dictionary
Obligation du Trésor — Emprunt d État Un emprunt d État (en anglais : government bond, dont le diminutif usuel est govvie) est une obligation ou un titre de créance négociable émis généralement dans sa propre devise par un gouvernement. Dans le cas d une émission… … Wikipédia en Français
primary liability — The liability of the person who, by the terms of the instrument of obligation, is absolutely required to pay the same. 11 Am J2d B & N § 525. The liability of a maker or principal, as distinguished from that of a guarantor, indorser, or other… … Ballentine's law dictionary
Primary Mortgage Market — The market where borrowers and mortgage originators come together to negotiate terms and effectuate mortgage transaction. Mortgage brokers, mortgage bankers, credit unions and banks are all part of the primary mortgage market. After being… … Investment dictionary
primary liability — legal responsibility of one who accepted an obligation … English contemporary dictionary
Collateralized debt obligation — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond … Wikipedia
Collateralized loan obligation — Collateralized loan obligations (CLOs) are a form of securitization where payments from multiple middle sized and large business loans are pooled together and passed on to different classes of owners in various tranches. A CLO is a type of… … Wikipedia
As a noun, an undertaking or promise that is collateral to the primary or principal obligation and that binds the guarantor to performance in the event of nonperformance by the principal obligor. — As a noun, an undertaking or promise that is collateral to the primary or principal obligation and that binds the guarantor to performance in the event of nonperformance by the principal obligor. A provision contained in a written document, such… … Law dictionary
Treasury securities primary dealer — Financial institution having obtained, by the State, a particular role relative to the issuance, the placement, and the secondary market of Treasury securities, and having on a permanent basis, the obligation to ensure the liquidity of the… … Financial and business terms
