Obligation

{
  "id": "MLC-T-ENV-019272",
  "term": "Obligation",
  "field": "Environment",
  "definition": "When awarding funding, the U.S. government enters a binding agreement called an obligation. The government promises to spend the money, either immediately or in the future, as work under the obligation is completed. An agency incurs an obligation, for example, when it places an order, signs a contract, awards a grant, purchases a service, or takes other actions that require it to make a payment.",
  "subject": "Land, waste and cleanup",
  "references": [
    "Superfund Glossary"
  ],
  "url": "https://mlchart.com/terminology/environment/obligation/"
}