Secondary Obligor Law and Legal Definition
Pursuant to the Uniform Commercial Code, "Secondary obligor" means an obligor to the extent that the obligor's obligation is secondary. The secondary obligor has a right of recourse with respect to an obligation secured by collateral against the debtor, another obligor, or property of either.
Legal Definition list
Related Legal Terms
- Adult Secondary Education [Education]
- Co-obligor
- Comprehensive Transition and Postsecondary Program [Education]
- Comprehensive Transition and Postsecondary Program for Students with Intellectual Disabilities [Education]
- Consumer Obligor
- De Facto Secondary Meaning
- Elementary and Secondary Education Act of 1965
- Institution of Postsecondary Education [Education]
- Integrated Postsecondary Education Data System [IPEDS]
- Non-Profit Elementary or Secondary School
