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.

Advance Commitment

A promise to undertake some activity before it is done. For example, a futures contract is an advance commitment to buy or sell an asset for a certain price at some point in the future. Likewise, in short-selling, one sells a security one does not own, and thus makes an advance commitment to buy it at some point in the future to ensure a smooth transaction.
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The Leaders' Summit on Refugees hopes to advance commitments made by world leaders during the U.
TV has for decades used its annual spring upfront--when TV networks try to sell the bulk of their ad inventory for the coming programming season--to secure billions of dollars in advance commitments.
Other programs that the State Department and USAID mention include funding to address the cause of migration from Central America, investment into clean energy, counter Russian pressure by providing support to Ukraine, and advance commitments to global health and "creating an AIDS-free generation.
The proceeds from the offering are secured via advance commitments from Kirk Kapital, LD, Nykredit Bank and PFA Pension, as well as a guarantee from JP Morgan (NYSE: JPM).
8 million worth of advance commitments and pledges to use the service, which begins March 31.
Their long-term advance commitments provide the base of our group allotment and are very deserving of flexibility in our negotiation process," says Perry Goodbar, vice president, sales and marketing.
But it's been tough to get advance commitments from entertainment industry companies and others who are accustomed to moving into structures that have already been built, Marlow said.
These meetings were free to attendees, no travel costs were involved, and no advance commitments were necessary.
Advance commitments for Producer totaling more than $28 million have been received from customers in North America, Europe, Taiwan and Japan.
In recent years, the broadcast networks have collected fewer advance commitments for their primetime schedules, and in 2014, cable saw ad commitments fall for the first time in a number of years--all as marketers devote more energy to new venues like social media and mobile devices.
If that's the case, then the county should obtain advance commitments from those agencies to help reduce the cost.
Advance commitments have already been received from several customers for Applied Materials' 300mm Silicon Etch DPS system for future 300mm production.
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