Meaning of the word "be obligated to pay" in English

What does "be obligated to pay" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

be obligated to pay

US /bi əˈblɪɡeɪtɪd tu peɪ/
UK /bi əˈblɪɡeɪtɪd tu peɪ/

Phrase

to be legally or morally bound to give money or something of value to someone

Example:
As per the contract, you will be obligated to pay the full amount by the end of the month.
If you damage the property, you will be obligated to pay for the repairs.