Obligations

Keep proposal, acceptance, funding and repayment separate.

Build terms#

Example

const terms = api.loans.terms({
  lender: 'me', borrower: 'eren', amount: 10000,
  due: C.plusMonths(Date.now(), 1), installments: 2
});
// Propose with lender approval, then accept with borrower approval.

Fund and repay#

fundingPayment prepares a stable funding instruction after both approvals. fund executes it. repaymentPayment registers a bounded repayment instruction; repay applies its finalized receipt. The current service is named PrivateObligationService.

Proposed HTTP contracts#

Rule	Validation
Parties	Mutual relationship and both credit permissions.
Funding	Same approved terms and finalized receipt.
Repayment	Positive amount no greater than outstanding principal.

Example

POST /obligations
POST /obligations/{id}/accept
POST /obligations/{id}/repay
# Design examples only. No HTTP handlers are shipped.