This is a promise by a Lawyer to ensure that certain conditions (usually of the lender) are met (usually after closing, due to time constraints). The best example is the' Undertaking' to register a discharge of an old first mortgage after the new one has been registered, because there is simply not enough time to do so at closing. It also governs such closing dynamics as releasing funds before a new mortgage document is officially registered.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). undertaking. Retrieved September 20, 2026, from http://smartdefine.org/undertaking/definitions/1165839 |
| Chicago | Barry Goldsmith. 2010. "undertaking" http://smartdefine.org/undertaking/definitions/1165839 (accessed September 20, 2026). |
| Harvard | Barry Goldsmith 2010, undertaking, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/undertaking/definitions/1165839>. |
| MLA | Barry Goldsmith. "undertaking" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/undertaking/definitions/1165839> |