### Question
What is the definition of obligor?


### Answer
The definition of **obligor** is as follows in *23 U.S.C. § 181*:

> a party primarily liable for payment of the principal of or interest on a Federal credit instrument, which party may be a corporation, partnership, joint venture, trust, or governmental entity, agency, or instrumentality

#### Citation:
  - *23 U.S.C. § 181*
  - Heading: **CHAPTER 1-FEDERAL-AID HIGHWAYS > SUBCHAPTER II-INFRASTRUCTURE FINANCE**

