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Describes a trader's obligation to accept or make delivery on a futures contract. Related: Open interest.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
The PCC's conditional approval of the transaction lies upon how Grab will comply with the commitments it set.
If Boeing can make progress on finalizing some of its outstanding commitments by year's end, it will have a good shot at surpassing 1,000 net firm orders in 2018.
As usual, the A320neo and 737 MAX families accounted for the vast majority of the orders and commitments announced over the past week.
The aim of this paper is to answer the question of whether certain variables, such as the way of recruiting and the wages how affect the certain dimensions of employee commitment. Based on the results, the motivation toolkit of the management can be more appropriately compared to the practice.
Researchers have been actively involved in the topic of employees' commitment since the 1960s.
The term professional commitment has been defined in various ways.
Professional commitment adds flavor to teaching process.
Employees do not constitute a homogenous mass (Benson, 2007), as the nature of different industries means that organisational commitment factors are likely to differ across jobs and industrial sectors.
Organisational commitment has been viewed as a 'key' HRM outcome that supersedes mere compliance with organisational rules and regulations by creating a higher level 'voluntary' commitment from the worker to the firm (Benson, 2007:122; Shepherd & Mathews, 2000:555).
Professional Commitment (PC): Professionalism constructs were developed from sociology (Hall, 1968), whereas the concept of PC came from psychology (Porter et al., 1974).
Lacking of professional commitment has been found to be associated with intention to leave the nursing profession and also with an intention to leave the organization.
Research instrument at 4 point likert scale comprising of 35 items was adapted according to requirement that includes items to measure teachers' performance, instructional leadership (IL) and teachers' commitment.