Commitment

(redirected from committal)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia, Wikipedia.

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 ?
The ratio of male to female committals from 1924 to 2007 is shown below in Figure 5.
30am followed by committal at Peel Green Crematorium at 12.
Media reports about the issuance by the military investigating judge at the Permanent Military Court of First Instance of a committal order against former interior minister Najem Gharsalli are unfounded, the Military ProsecutorAaAaAeA{Es Office had said in a statemen
followed by Committal at Huddersfield Crematorium at 2.
The committal application should allow the bank, as it is obliged to do under contract with creditors, to maximise the recovery on the enforcement of any judgments that it obtains against Ablyazov,' BTA said.
Doherty, of Marlborough, in Wiltshire, is now due to appear at London's Thames Magistrates' Court, charged alongside two friends who were also not present yesterday, for a second committal hearing on February 2.
followed by committal service at Bangor Crematorium, at 1.
A committal hearing is underway for four people charged with desecrating gravestones at Toowong cemetery.
CSA prosecutor Michael Baker said the CSA was left with no alternative but to apply for a committal to prison.
Judge Graham Parkinson yesterday adjourned a committal hearing to consider the case against 40-year-old Barry George, who has been remanded in custody since his arrest in May.
Committal proceedings have been provisionally set for June 1, 2 and 3 - again at Bow Street.