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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Deposits and guarantees required: advance commitment from bank of dkk 1,557,000.
A triennial conference, the regional event provides a dynamic platform for knowledge sharing, collaborative action, partnership building and a forum for advance commitment and cooperation in achieving the shared vision of a sustainable East Asian Seas.
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. But the chief negotiator on the Qatari side was none other than Abdullah bin Hamad Al-Attiyah, the minister of energy and industry as well as second deputy prime minister and head of QP.
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 ...
The finance minister said that "it is expected that this advance commitment will provide appropriate signals for promoting investment in the economy." Whether this assertion turns true remains to be seen as investment depends upon many other factors e.g.
The Leaders' Summit on Refugees hopes to advance commitments made by world leaders during the U.N.
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. The upfront sales process was created to help capture new advertising from automakers, which would roll out new models in September.
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