financial obligation

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Definitions from WordNet

Noun financial obligation has 1 sense

indebtedness, liability, financial obligation - an obligation to pay money to another party
--₁ is a kind of obligation
--₁ has particulars:
limited liability; debt; arrears; account payable; scot and lot

Definitions from the Web

Financial Obligation

noun

A financial obligation refers to a legal or moral responsibility to fulfill a monetary payment or commitment. It can be associated with loans, debts, mortgages, or contractual agreements.

Example sentences:

She had a financial obligation to repay the student loan within ten years.
The company's bankruptcy resulted from an overwhelming financial obligation.
John's financial obligation to his landlord included monthly rent and utility bills.

adjective

As an adjective, financial obligation describes something that relates to a monetary commitment or duty.

Example sentences:

Due to his financial obligations, Mark had to cut down on unnecessary expenses.
The couple discussed their financial obligation towards their child's education.
She realized the importance of meeting her financial obligations on time.

related products:

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