Advance commitment

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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Not only is KOTC getting excellent value through advance commitment, but by removing the time-consuming individual tendering process for each ship, we can provide priority dock space, superior scope planning, and leading turnaround times," he explained.
The opposition wants to negotiate on condition that they get an advance commitment that they achieve the aim they would be negotiating for," Van Dam said in an email to AFP.
A judge who makes an advance commitment with respect to an issue or controversy--or who reasonably appears to commit in advance--has no business deciding the issue or controversy," Chief Judge Hinkle said in a September 11 ruling rejecting a suit filed by the Florida Family Policy Council challenging the commits clause and recusal provisions of Florida's Code of Judicial Conduct.
Repeatedly, Kogas has tried by failed to get the price lowered in view of a 20-year advance commitment.
A central project objective was to provide research to inform and advance commitment to global principles, based on state responsibilities under international law, to govern national decisions on the export of small arms and light weapons.
The advance commitment represented by a credit line enables the bank to work more closely with the borrower not only to lend money, but also to use its experience and status within the business community to offer advice and counsel, and to provide mutual referrals for new business relationships.
77), avoiding advance commitment to any (reductionist or other) way of understanding the world; and it will be "foundational .
Key sponsorships advance commitment to collaboration
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.
The Leaders' Summit on Refugees hopes to advance commitments made by world leaders during the U.
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