What is the meaning of Commitment (Loan)?

Commitment (Loan) is a binding pledge made by the lender to the borrower to make a loan, usually at a stated interest rate within a given period of time for a given purpose, subject to the compliance of the borrower to stated conditions.

4
 
|15 years ago|719 views|share |citing 
APABarry Goldsmith. (2010). Commitment (Loan). Retrieved September 22, 2026, from http://smartdefine.org/commitment_(loan)/definitions/1150253
ChicagoBarry Goldsmith. 2010. "Commitment (Loan)" http://smartdefine.org/commitment_(loan)/definitions/1150253 (accessed September 22, 2026).
HarvardBarry Goldsmith 2010, Commitment (Loan), Smart Define, viewed 22 September, 2026, <http://smartdefine.org/commitment_(loan)/definitions/1150253>.
MLABarry Goldsmith. "Commitment (Loan)" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/commitment_(loan)/definitions/1150253>