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Advance commitment

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Advance commitment
A promise to sell an asset before the seller has lined up purchase of the asset. This seller can offset risk by purchasing a futures contract to fix the sales price approximately.

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-- Schools advance commitment to student nutrition with popular low fat milk
MIAMI -- Schools advance commitment to student nutrition with popular low fat milk
The advance commitment represents nearly 11,000 business trips during that period for these companies, which will help St.
 
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