financial obligation

• Formeller Begriff für eine Schuld, Zahlung oder Verpflichtung, Geld zu zahlen, die aufgrund von Gesetz oder moralischen Verpflichtungen besteht, z. B. Kredite, Rechnungen oder vertragliche Zahlungen.

A formal term referring to a debt, payment, or duty to pay money that is legally or morally required, such as loans, bills, or contractual payments.

1. Debt or payment dutyB2formal

   A legal or moral duty to pay money to another party, such as a loan, bill, or tax.

   Schuld oder Zahlungsverpflichtung

   • Paying off your student loan is a significant financial obligation.
   • The company failed to meet its financial obligations to its creditors.
   • A mortgage is a long-term financial obligation.

2. Contractual liabilityB2formal

   A responsibility to pay a specific sum of money as agreed in a contract or law.

   Vertragliche Zahlungsverpflichtung

   • The court ruled that he had a financial obligation to pay child support.
   • Both parties signed the agreement acknowledging their financial obligations.
   • Failing to fulfill a financial obligation can lead to legal action.