commitment
A promise to lend money to the borrower by the lender, as well as a statement of the terms and conditions of the loan.
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The following dictionary definition list is provided for clarification only. Note that many definitions are not directly applicable to mortgages, loans or other financial terminology in this glossary. Used with permission: WordNet 2.1 Copyright 2005 by Princeton University. All rights reserved.
commitment
Noun: committedness, commitment (the trait of sincere and steadfast fixity of purpose) "a man of energy and commitment"
Noun: commitment, allegiance, loyalty, dedication (the act of binding yourself (intellectually or emotionally) to a course of action) "his long commitment to public service"; "they felt no loyalty to a losing team"
Noun: commitment (an engagement by contract involving financial obligation) "his business commitments took him to London"
Noun: commitment, dedication (a message that makes a pledge)
Noun: commitment, committal, consignment (the official act of consigning a person to confinement (as in a prison or mental hospital))
- commitment -
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