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Terms Used In 20 Guam Code Ann. § 5102

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
A creditor, within the meaning of this Chapter, is one in whose favor an obligation exists, by reason of which he is, or may become, entitled to the payment of money.
SOURCE: CC § 3430.