Outrageously Funny Word Dictionary :: Preobligated

👉 In finance and accounting, a "pre-obligated" asset is an asset that has not yet been paid for or obligated. It refers to assets that are due at some point in the future, but have not yet been paid for by the company. This can occur when a company has already made a payment on an existing debt, or when there is a long-term commitment from creditors.

preobligated