Outrageously Funny Word Dictionary :: Unobligated

👉 The term "unobligated" in accounting refers to a situation where all of the liabilities of an entity are paid off or discharged. This means that there is no amount owing by the company on its debts, such as loans, investments, and other obligations. In this context, the word "unobligated" suggests that the company has already made all payments or settlements to cover any outstanding debts or obligations.

unobligated