obligee
noun
ob·li·gee ˌä-blə-ˈjē 
: one to whom another is obligated (as by a contract)
specifically : one who is protected by a surety bond
Word History
Etymology
borrowed from Anglo-French obligé, noun derivative from past participle of obliger "to oblige"
First Known Use
1574, in the meaning defined above
Legal Definition
obligee
noun
ob·li·gee ˌä-blə-ˈjē
: one (as a creditor) to whom another is legally obligated
an obligee protected by a surety bond
compare debtor, obligor