Moral Obligation definition

Moral Obligation then means “the constraints on us to act in a way which answers to the common, collective interests of the people as a whole, constraints which are imposed on us both by the attitudes of society (other people) and by our own consciences.”
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Moral Obligation means a promise without the force of law and which creates no legal obligations, but is nevertheless intended to be relied upon by the promisee and induce the promisee to take certain action.
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Examples of Moral Obligation in a sentence

  • North Dakota Jun-05 $51.40 AA1/AA/na Highway and bridge projects Bond insurance obtained Ohio May-98 Aug-99 Sep-01 Sep-02 Jan-04 $70.0 $20.0 $100.0 $135.0 $113.8 Aa3/AA-/AA- Aa3/AA-/AA- Aa3/AA/AA- Aa3/AA/AA- Aa3/AA/AA- Various projects including: Spring-Sandusky and Maumee river improvements Moral Obligation pledge to use state gas tax funds and seek general fund appropriations in the event of Federal shortfall.

Related to Moral Obligation

  • Collateral Obligation means a Loan owned by the Borrower, excluding the Retained Interest thereon.

  • General obligation bond means a Bond, the payment of principal of and interest on which is a General Obligation of the Authority.

  • DIP Collateral Obligation A loan made to a debtor-in-possession pursuant to Section 364 of the Bankruptcy Code having the priority allowed by either Section 364(c) or 364(d) of the Bankruptcy Code and fully secured by senior liens.

  • General obligation bonds means, collectively, the Limited Tax General Obligation Bonds and the Unlimited Tax General Obligation Bonds.

  • Delayed Drawdown Collateral Obligation A Collateral Obligation that (a) requires the Issuer to make one or more future advances to the borrower under the Underlying Documents relating thereto, (b) specifies a maximum amount that can be borrowed on one or more fixed borrowing dates, and (c) does not permit the re-borrowing of any amount previously repaid by the borrower thereunder; but any such Collateral Obligation will be a Delayed Drawdown Collateral Obligation only until all commitments by the Issuer to make advances to the borrower expire or are terminated or are reduced to zero.