Also means
bond (finance)
Usage Note
Obligación expresses both a moral duty and a legal requirement. In finance, obligaciones are bonds or debt securities — a common false friend trap for business learners who may expect 'obligation' to mean only a personal duty. The verb obligar (to compel) and the adjective obligatorio (mandatory) share the same root.
Examples
"Tienes la obligación de pagar los impuestos."
Natural Translation
You have an obligation to pay taxes.
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