### Question
How does Financial Assistance Programs define obligor?


### Answer
Under *46 U.S.C. § 53701*, **obligor** is defined as:

> 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**

