Definition of commitment

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TeachMeFinance.com - explain commitment



commitment -- (1) an agreement between a lender and a borrower to lend money at a future date, provided stated conditions are met. (2) a promise by Freddie Mac to a primary mortgage lender to buy mortgage loans at a future date.

historic definition...

Commitment -- An act of engagement or pledging; the act of giving an order to buy or sell, as stocks .



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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