Commitment
Term · Law · MLC-T-LAW-001096
A formal promise or agreement to undertake a specific action or obligation. In a legal context, it can signify a court order sending a person to prison, a mental institution, or a juvenile facility. It also describes a lender's promise to provide financing under specified terms, often documented in a commitment letter.
| Identifier | MLC-T-LAW-001096 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-001096",
"term": "Commitment",
"field": "Law",
"definition": "A formal promise or agreement to undertake a specific action or obligation. In a legal context, it can signify a court order sending a person to prison, a mental institution, or a juvenile facility. It also describes a lender's promise to provide financing under specified terms, often documented in a commitment letter.",
"url": "https://mlchart.com/terminology/law/commitment/"
}
Record 926 of 5,441 in Law terminology (MLC-0107). Request the full dataset.