### Question
How does the law define obligor?


### Answer
Under *APPENDIX U.S.C. § 1271*, **obligor** is defined as:

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

#### Citation:
  - *APPENDIX U.S.C. § 1271*
  - Heading: **CHAPTER 27-MERCHANT MARINE ACT, 1936 > SUBCHAPTER XI-FEDERAL SHIP MORTGAGE INSURANCE**

