Outrageously Funny Word Dictionary :: Counterobligation

👉 Counterobligation is a concept in economics and law that refers to situations where an individual or entity has a financial obligation, but they cannot fulfill it due to circumstances beyond their control. This means that even if they had the resources to do so, they are not able to meet the obligation because of external factors such as economic downturns, health issues, or other unforeseen events. In law, counterobligation is often used in situations where a company owes an employee a salary or benefits

counterobligation