### Question
What is the definition of obligor?


### Answer
The definition of **obligor** is as follows in *46 U.S.C. § 53701*:

> a party primarily liable for payment of the principal of or interest on an obligation

#### Citation:
  - *46 U.S.C. § 53701*
  - Heading: **Subtitle V-Merchant Marine > Part C-Financial Assistance Programs > CHAPTER 537-LOANS AND GUARANTEES > SUBCHAPTER I-GENERAL**

