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Topical Terminology > Commitment



11 Definitions

Commitment

For Commitment we have terms and definitions in 11 topics. The topics are Accounting, Auto Loan, Debt Consolidation, Drama, Finance, Home Equity, Mortgage, Purchasing A Home, Real Estate, Real Estate Appraisal and Refinance.



Commitment (Accounting)

is the act of standing behind a policy whose value ends when the policy is concluded. For example: " We made a commitment to do this".


Commitment (Auto Loan)

An


Commitment (Debt Consolidation)

An agreement, often in writing, between a lender and a borrower to loan money at a future date subject to the stated conditions.


Commitment (Drama)

The ability to sustain belief for as long as the drama demands, and a recognition and understanding of the purpose of the work.


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Commitment (Finance)

Describes a trader's obligation to accept or make delivery on a futures contract. Related: Open interest.


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Commitment (Home Equity)

An agreement, often in writing, between a lender and a borrower to loan money at a future date subject to the stated conditions.


Commitment (Mortgage)

A promise by a lender to make a loan on specific terms or conditions to a borrower or builder. A promise by an investor to purchase mortgages from a lender with specific terms or conditions. An agreement, often in writing, between a lender and a borrower to loan money at a future date subject to the completion of paper work or compliance with stated conditions.


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Commitment (Purchasing A Home)

A promise by a lender to make a loan, on specific terms or conditions, to a borrower or builder. It can also be a promise by an investor to purchase mortgages from a lender with specific terms or conditions.
It can also be the agreement (or, in its absence, the refusal) to engage in a long-term relationship with someone with whom you may or may not be in love. There are no easy answers here. However (OK, we'll continue this digression) you might consider the old 80/20 rule: if it's really good 80% of the time, it's probably love, and you might as well commit.


Commitment (Real Estate)

1. A pledge to do a certain act, such as a promise by a lender to loan a certain amount of money at a specific rate of interest to a qualified borrower, provided the loan is made by a certain date. 2. Also refers to an agreement by a title insurance company to issue a policy in favor of a proposed insured upon acquisition of a specific property.


Commitment (Real Estate Appraisal)

Also called a "Binder". A document issued by a title insurance company that contains the conditions under which a policy of title insurance will be issued.Also called a "Binder". A document issued by a title insurance company that contains the conditions under which a policy of title insurance will be issued.


Commitment (Refinance)

An agreement, often in writing, between a lender and a borrower to loan money at a future date subject to the stated conditions.




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