Commitment is 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.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). commitment. Retrieved September 22, 2026, from http://smartdefine.org/commitment/definitions/1150252 |
| Chicago | Barry Goldsmith. 2010. "commitment" http://smartdefine.org/commitment/definitions/1150252 (accessed September 22, 2026). |
| Harvard | Barry Goldsmith 2010, commitment, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/commitment/definitions/1150252>. |
| MLA | Barry Goldsmith. "commitment" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/commitment/definitions/1150252> |