### Question
How is the term obligee defined?


### Answer
The term **obligee** is defined in *46 U.S.C. § 53701* as the following:

> the holder of 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**

