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


### Answer
The term **obligor** is defined in *49 U.S.C. § 41762* as follows -

> 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:
  - *49 U.S.C. § 41762*
  - Heading: **SUBTITLE VII-AVIATION PROGRAMS > PART A-AIR COMMERCE AND SAFETY > subpart ii-economic regulation > CHAPTER 417-OPERATIONS OF CARRIERS > SUBCHAPTER III-REGIONAL AIR SERVICE INCENTIVE PROGRAM**

