What is "obligee"

obligee \ob`li*gee"\ ([o^]b`l[i^]*j[=e]"), n. [F. oblig['e], p. p. of obliger. See Oblige.] The person to whom another is bound, or the person to whom a bond is given.
--Blackstone.

"person to whom another is bound by contract," 1570s, from oblige + -ee.

n. (context legal finance English) The party owed an obligation by another party, the obligor.