### Question
Can you define what obligor means?


### Answer
**Obligor** is defined as the following in *APPENDIX U.S.C. § 1271*:

> any party primarily liable for payment of the principal of or interest on any obligation;

#### Citation:
  - *APPENDIX U.S.C. § 1271*
  - Heading: **CHAPTER 24A-MERCHANT MARINE ACT, 1928 > SUBCHAPTER XI-FEDERAL SHIP MORTGAGE INSURANCE**

