commitment


commitment
Describes a trader's obligation to accept or make delivery on a futures contract. Related: open interest. Bloomberg Financial Dictionary
————
When a trader or institution assumes the obligation to accept or make delivery on a futures contract. Chicago Mercantile Exchange Glossary

* * *

commitment com‧mit‧ment [kəˈmɪtmənt] noun
1. [countable, uncountable] a promise to do something or to behave in a particular way:

• He's made a commitment to improve the quality of life for people in Gloucestershire.

commitment to

• a commitment to equal pay and opportunities

conˌtractual comˈmitment [countable, uncountable] LAW
a commitment to do something that is made legal by being included in the terms of a contract:

• Do not be afraid to seek professional advice before making a contractual commitment.

2. [uncountable] the hard work and loyalty that someone gives to an organization or activity:

• Sue will be greatly missed for her enthusiasm and commitment.

contractual commitment to

• The Group's success is a direct result of commitment by staff to high standards of service.

3. [countable] something that you have to do that prevents you from doing something else:

• Mr Reid has a previous commitment and is unable to attend the meeting.

• part time work for people with family commitments

4. [countable] an amount of money that you have to pay regularly and that prevents you from spending your money on other things:

• A mortgage may be the largest financial commitment you will make in your life.

5. [uncountable] the use of money, time, people etc for a particular purpose:

• The plan involves commitment of large amounts of money and staff time.

* * *

commitment UK US /kəˈmɪtmənt/ noun
[C or U] a promise or firm decision to do something, or the fact of promising something: »

He was encouraged by the commitment of car manufacturers to improving dealer profitability.

»

The mayor also pleaded for a commitment to the city's request for $250 million in federal funds.

»

We will set an example to the rest of the public sector and business by making a commitment to buy recycled goods.

»

a strong/firm commitment

»

We can arrange for you to trial the equipment without commitment to buy.

[C or U] an amount of money that you have to pay, or the fact of promising to pay: »

It is unclear whether the regulator can force a foreign firm to honour its UK pension commitments.

»

We believe that a commitment of $25 million is a good investment for our policyholders.

[U] the fact of being willing to give your time and energy to something: »

He argued that an organization's communications are crucial in influencing staff understanding and commitment.

»

She is very bright, but she lacks commitment.

[C] something that you must do or deal with that takes your time: »

Jury service is a public duty that many of us would like to avoid, because of work or family commitments.


Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • commitment — n 1: an act of committing: as a: placement in or assignment to a prison or mental hospital petition for commitment compare incompetent, interdiction ◇ Commitment to a mental health facility is called …   Law dictionary

  • Commitment — may refer to: Promise, or personal commitment Contract, a legally binding exchange of promises Brand commitment Involuntary commitment, the use of legal means or forms to commit a person to a mental hospital, insane asylum or psychiatric ward… …   Wikipedia

  • Commitment — Com*mit ment, n. 1. The act of committing, or putting in charge, keeping, or trust; consignment; esp., the act of committing to prison. [1913 Webster] They were glad to compound for his bare commitment to the Tower, whence he was within few days… …   The Collaborative International Dictionary of English

  • commitment — 1610s, from COMMIT (Cf. commit) + MENT (Cf. ment). (Anglo French had commettement.) Meaning the committing of oneself, pledge, promise is attested from 1793; hence, an obligation (1864) …   Etymology dictionary

  • commitment — [n] assurance; obligation charge, committal, devoir, duty, engagement, guarantee, liability, must, need, ought, pledge, promise, responsibility, undertaking, vow, word; concepts 71,271,274 Ant. broken promise, denial, refusal …   New thesaurus

  • commitment — ► NOUN 1) dedication to a cause or policy. 2) a pledge or undertaking. 3) an engagement or obligation that restricts freedom of action …   English terms dictionary

  • commitment — [kə mit′mənt] n. 1. a committing or being committed 2. official consignment by court order of a person as to prison or a mental hospital 3. a pledge or promise to do something 4. dedication to a long term course of action; engagement; involvement …   English World dictionary

  • Commitment — A trader is said to have a commitment when he assumes the obligation to accept or make delivery on a futures contract. Related: Open interest * * * commitment com‧mit‧ment [kəˈmɪtmənt] noun 1. [countable, uncountable] a promise to do something or …   Financial and business terms

  • commitment — n. promise 1) to make a commitment 2) to meet a commitment 3) a firm commitment 4) a commitment to + inf. (he made a commitment to pay off his debts) 5) a commitment that + clause (they reaffirmed their commitment that they would help) devotion… …   Combinatory dictionary

  • Commitment — Organisationales Commitment (dt. Einstandspflicht, Bekenntnis, Hingabe) bezeichnet das Ausmaß der Identifikation einer Person mit einer Organisation. Die Identifikation, beispielsweise eines Arbeitnehmers mit seinem Unternehmen, kann in dreierlei …   Deutsch Wikipedia


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.