### Question
How is the "obligor" defined?


### Answer
The term **obligor** is defined in *46 U.S.C. § 53701* as follows -

> 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**

