👉 "Reobligated" is a legal term in the context of corporate law, referring to a situation where an entity has already paid its debts and obligations but is still required to pay them again due to certain circumstances. This can occur for various reasons such as late payments, defaulting creditors, or other unforeseen events. The term "reobligated" typically implies that the entity has already made all of its payments due to a specific event or circumstance, but it may also apply when
Outrageously Funny Word Definitions :: Reobligate
What is the definition of Reobligate? 🙋
👉 Re-obligation is a legal concept in the United States where a person owes money to another, but they cannot pay it back due to an unforeseen event or circumstance. In this situation, the person who owes money may seek to reclaim their obligation by paying off the debt with new funds or through other means. For example, if a person has borrowed money from a friend and the friend is unable to pay back the loan, the friend may decide to re-obligate the debt by rep
