monetary obligation

USAGE SUMMARY

"monetary obligation" is a correct and usable phrase in written English.
You can use it to refer to a sum of money that someone is legally or morally bound to pay, particularly when speaking of a financial responsibility or debt. For example: "He was unable to meet his monetary obligation to the bank, and so was forced to declare bankruptcy."

✓ Grammatically correct

News & Media

Science

Encyclopedias

Human-verified examples from authoritative sources

Exact Expressions

1 human-written examples

Despite the substantial monetary obligation, these four-year scholarships attracted more than 1.2 million applicants.

Forbes

Human-verified similar examples from authoritative sources

Similar Expressions

58 human-written examples

Moreover, probationers must pay off these monetary obligations before they can emerge from probation supervision.

The New York Times

"The rationale for this requirement is that the governing documents define the scope of monetary obligations which co-op shareholders or condominium unit owner agrees to when they buy into a building," Mr. Cholst said.

The New York Times

Although the leaders of the Székely community were exempted from taxation in 1554, but all the foot soldiers continued to be taxed, resulting in a double burden of military and monetary obligations for them.

Wikipedia

Additionally, pet owners would benefit greatly from a more accurate projected survival time when weighing their dog's quality of life and their own monetary obligations in treatment decisions.

BMC Cancer

Divide the total debt, or monetary obligations, by the average monthly income.

WikiHow

"This is the largest monetary mitigation obligation in the history of the Clean Air Act," said Yates.

The Guardian - Business

It is unwise to expand the monetary and military obligations of the United States given the burden of our $20 trillion debt," he said, according to The Daily Beast. .

Huffington Post

Thus, the obligation of the monetary authorities to supply the currency of any Fund member at a rate of exchange that was not above the agreed-upon limit took the place of the obligation under the old gold standard to give actual gold in exchange for currency.

Encyclopedia Britannica

Mr. Cavallo said the government would continue meeting its debt obligations if the monetary fund came through.

The New York Times

Much depends on the monetary value of the public service obligation (PSO).

The Guardian - Opinion

Expert writing Tips

Best practice

In formal writing, "monetary obligation" can replace simpler terms like "debt" or "payment" to convey a more precise and professional meaning.

Common error

Avoid using "monetary obligation" interchangeably with terms like "financial goal" or "investment". "Monetary obligation" specifically refers to a duty to pay, not a general aspiration or planned expenditure.

Linguistic Context

The phrase "monetary obligation" functions primarily as a noun phrase, denoting a specific financial duty or liability. As confirmed by Ludwig, it accurately describes a sum of money that someone is legally or morally bound to pay. Examples in Ludwig show its use in discussing debts, contractual agreements, and financial responsibilities.

Expression frequency: Common

Frequent in

News & Media

30%

Science

30%

Formal & Business

20%

Less common in

Encyclopedias

10%

Wiki

5%

Reference

5%

Ludwig's WRAP-UP

In summary, "monetary obligation" is a grammatically correct and widely used noun phrase referring to a financial duty or liability. As Ludwig AI confirms, it’s effective for precisely describing sums of money legally or morally bound for payment. Predominantly found in News & Media, Scientific, and Formal & Business contexts, this phrase is best suited for formal or professional communications where clarity and precision are essential. While alternatives like "financial liability" or "economic commitment" exist, "monetary obligation" offers a direct and unambiguous way to denote financial responsibilities in various settings.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

fiscal duty

Replaces "obligation" with a synonym, keeping the meaning closely aligned but sounding more formal.

monetary liability

Similar to "financial liability", this highlights the legal or contractual aspect of the monetary duty.

financial liability

Focuses on the legally binding aspect of a financial responsibility, shifting from a general duty to a specific debt.

payment responsibility

Highlights the act of paying as the core duty, instead of the more encompassing term 'obligation'.

economic responsibility

This alternative broadens the scope, encompassing a wider range of economic duties beyond just a single obligation.

economic commitment

Emphasizes the dedication of resources, with a slightly broader scope than just a strict obligation.

financial commitment

Emphasizes the active dedication of funds rather than a passive duty, suggesting a planned allocation.

debt burden

Shifts focus to the challenging nature of the financial duty, implying a heavy load.

financial burden

This alternative focuses on the onerous aspect of the obligation, highlighting the difficulty it might impose.

outstanding debt

This refers specifically to an unpaid financial duty, narrowing the scope to what is currently owed.

FAQs

How can I use "monetary obligation" in a sentence?

You can use "monetary obligation" to refer to a financial duty or debt. For example: "The company struggled to meet its monetary obligations due to the economic downturn."

What's a good alternative to "monetary obligation"?

Depending on the context, you could use alternatives like "financial liability", "payment responsibility", or "economic commitment".

Is "monetary obligation" the same as "financial responsibility"?

While similar, "monetary obligation" typically refers to a specific duty to pay a sum of money, whereas "financial responsibility" can encompass a broader range of financial duties and management.

What are some examples of "monetary obligations"?

Examples of monetary obligations include loan repayments, rent, taxes, and contractual payments. They are all duties that require the payment of money.