👉 The term "obligato" is a type of debt that obligates the borrower to pay back the debt in a certain period, typically 12 or 24 months. This means that if the borrower does not pay back the debt on time, they will incur interest and penalties from the lender. The term comes from Italian and refers to the obligation of paying an amount due within a specified period. The concept of "obligato" can be found in various contexts such as banking