Assurance by a lender to make money available to a borrower on specific terms in return for a fee.
Similar Matches
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.
Firm commitment underwriting
Firm commitment underwriting An underwriting in which an investment banking firm commits to buy and sell an entire issue of stock and assumes all financial responsibility for any unsold shares.
Production flow commitment
Production flow commitment An agreement by the loan purchaser to allow a monthly loan quota to be delivered in batches.