# Obligo (liability; commitment(s); open items; recourse)

- Canonical URL: https://www.gerhardmerk.de/obligo-liability-commitments-open-items-recourse
- Post ID: 589878
- Modified: 2023-07-25T21:14:26+00:00
- Language: en

## Definition

A term frequently used in older financial language with various meanings. - Generally, a binding obligation of any kind, an obligation, a debt (the state of being under a debt, as for lending money, of gratitude, for a favor, for a service, or for a benefit). - The taking (in the sense of assuming; sharing) of a risk (to go on risk, to underwrite a risk, to take a risk). - An engagement and, in particular, the making of or participation in an investment. - The liabilities of a customer to the bank. - A surety (guarantee) or security (deposit; surety). - Negative (without liability; without recourse) - the informant does not want to be liable for the correctness of his statements - attached to the signature on bills of exchange: one has co-signed but does not assume liability under the law of exchange (endorsement without liability; restrictive endorsement). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1