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Created page with 'File:lighterstill.jpgright|frame ==Etymology== Action of pledging (1235 in Old French), legal bond (1283), [[m...'
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==Etymology==
[[Action]] of pledging (1235 in Old French), [[legal]] bond (1283), [[moral]] constraint (c1370; French obligation) and their etymon classical Latin oblig{a}ti{o}n-, oblig{a}ti{o} action of pledging, legal bond, legal liability, in post-classical Latin also a bond, constraint (Vulgate), a binding [[agreement]] (5th cent.)
Date: [http://www.wikipedia.org/wiki14th_Century 14th century]
==Definitions==
1 : the [[action]] of obligating oneself to a [[course]] of [[action]] (as by a promise or vow)
2 a : something (as a [[formal]] contract, a [[promise]], or the demands of [[conscience]] or [[custom]]) that obligates one to a [[course]] of [[action]]
:b : a debt security (as a mortgage or corporate bond)
:c : a commitment (as by a [[government]]) to pay a particular sum of [[money]]; also : an amount owed under such an obligation <unable to meet its obligations, the company went into bankruptcy>
3 a : a condition or [[feeling]] of being obligated
:b : a debt of [[gratitude]]
4 : something one is bound to do : [[duty]], [[responsibility]]
==Description==
An '''obligation''' is a requirement to take some [[course]] of [[action]], whether legal or moral. There are also obligations in other [[normative]] [[contexts]], such as obligations of [[etiquette]], [[social]] obligations, and possibly in terms of [[politics]], where obligations are requirements which must be fulfilled. These are generally [[legal]] obligations, which can incur a penalty for unfulfilment, although certain people are obliged to carry out certain [[actions]] for other reasons as well, whether as a [[tradition]] or for [[social]] reasons. Obligations vary from [[person]] to person: for example, a person holding a political office will generally have far more obligations than an average adult [[citizen]], who themselves will have more obligations than a [[child]]. Obligations are generally granted in return for an increase in an [[individual]]’s rights or [[power]].

The word "obligation" can also designate a [[written]] obligation, or such [[things]] as bank notes, coins, checks, bonds, stamps, or securities.[http://en.wikipedia.org/wiki/Obligation]

[[Category: Law]]
[[Category: Philosophy]]

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