financial obligation (B2)
noun phrase
Pronunciation: fəˈnænʃəl ˌɒblɪˈɡeɪʃən
Definition
A duty or commitment to pay money or fulfill a monetary responsibility, often arising from a contract, loan, or legal requirement.
Examples
The company had a significant financial obligation to its creditors.
He struggled to meet his financial obligations after losing his job.
How to Use financial obligation
- financial obligation to (prepositional phrase)
- A duty to pay money or fulfill a responsibility towards a specific person or entity. — "The government has a financial obligation to its citizens."
- meet financial obligations (collocation)
- To successfully pay or fulfill monetary duties. — "The company struggled to meet its financial obligations during the recession."
- financial obligation of (prepositional phrase)
- Describing the nature or extent of a monetary duty. — "The financial obligation of the inheritance was significant."
Synonyms of financial obligation
Words with a similar meaning to financial obligation:
Antonyms of financial obligation
Words with the opposite meaning to financial obligation:
Browse the full Anaversity dictionary