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An affirmation of truth of a statement. One who willfully asserts untrue statements omits perjury which is punishable at law.

An affirmation of truth of a statement. One who willfully asserts untrue statements omits perjury which is punishable at law.

One obligated under a contract or bond. Under a bond, both the principal and surety are obligors.

One obligated under a contract or bond. Under a bond, both the principal and surety are obligors.

To bind by obligation or promise; to assume a duty.

To bind by obligation or promise; to assume a duty.

an undertaking to perform, whether it be imposed by law, promise, contract, relations of society, courtesy, etc.

an undertaking to perform, whether it be imposed by law, promise, contract, relations of society, courtesy, etc.

Reinsurance contract under which the insurer must cede to the rein surer and the reinsurer must accept all risks covered by the treaty.

Reinsurance contract under which the insurer must cede to the rein surer and the reinsurer must accept all risks covered by the treaty.