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obligor
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 English  German

obligor Verpflichtete {m,f}; Verpflichteter {m} [jur.]

obligors Verpflichteten {pl}; Verpflichtete {pl}

joint and several debtor; joint and several obligor Gesamtschuldner {m} [jur.]

joint and several debtors; joint and several obligors Gesamtschuldner {pl}

to be jointly and severally liable; to be liable as joint and several debtors als Gesamtschuldner haften

contractual default; default in performance; contractual delay; delay in performance (contract law) Vertragsverzug {m}; Verzug {m} (Vertragsrecht) [jur.] [listen]

default on the part of the creditor/obligee; creditor's default; delay of the creditor Gläubigerverzug {m} (Mora accipiendi)

default on the part of the debtor/obligor; default of the debtor; debtor's delay Schuldnerverzug {m} (Mora solvendi)

in case of default; in case of delay; in the event that a default occurs im Falle des Verzugs

the defaulting party; the party in default die in Verzug befindliche Partei; die Partei in Verzug

a defaulted mortgage eine in Verzug befindliche Hypothek

cross default reziproker Verzug; Drittverzug {m}

to be in default; to default; to fail to perform the contract / your contractual obligations [listen] in Verzug sein

A default occurs when one party violates the terms of the lease. Ein Verzug tritt ein, wenn eine Partei gegen die Leasingbedingungen verstößt.
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