Commitment

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Commitment

Describes a trader's obligation to accept or make delivery on a futures contract. Related: Open interest.

Commitment

1. The legal obligation to undertake an activity in a given way at a given time in the future. Usually, commitment refers to the requirement for parties to a futures contract to make or receive delivery of the underlying commodities on the expiration date of the contract.

2. A liability. A commitment is the obligation to make good on an agreement at some point. For example, a borrower makes a commitment to pay back a loan by a certain time.

commitment (loan)

An agreement by a lender to extend a loan on certain terms and conditions and by a certain date. Language making the “commitment” subject to credit approval or underwriting are not true commitments at all, but merely quotes.

References in periodicals archive ?
As a general rule, individuals can be charged and convicted of both conspiracy and the completed crime that they agreed to commit.
A small percentage of offenders commit the majority of crimes.
The defense can object to the introduction of body armor as evidence, even if relevant, on the grounds that it tends to portray defendants as individuals who will commit crimes in the future and that the prejudice outweighs any probative value the evidence might have.
In addition, in many jurisdictions, the penalty for conspiracy to commit a crime is the same as the penalty for the substantive crime the defendants conspired to commit.
When they commit crimes in other parts of the country, their accents provide a particularly helpful clue to investigators.
If a suspect used a computer to commit a crime telephonically, it is also possible that the suspect set up the computer to "answer" incoming calls.
The Court concluded that this evidence was not sufficient to prove, beyond a reasonable doubt, that the defendant predisposed to commit the crime of receiving child pornography through the mail.
At the end of their training, recipients will commit to working at their sponsoring hospital for a minimum of three years.
The co-ops featured could adapt this year's theme in many other ways, such as: Co-ops Commit to Renewable Energy; Co-ops Commit to Helping Farmers; Co-ops Commit to Democracy and Dynamic Governance; Co-ops Commit to Worker-owned Businesses; Co-ops Commit to Better Home Care for Elderly and Disabled People"; even "Co-ops Commit to T-Rex Preservation.
However, less than 48 hours later, Tyner decided it was best to commit back to Oregon and not visit other schools.
One important factor affecting the need for a COMMIT strategy is the amount of elapsed time required for the program to complete.
Anthony Bernard Tully, 60, was convicted of two charges of conspiracy to commit arson and one of conspiracy to commit blackmail.