Back-To-Back Commitment

Business, Legal & Accounting Glossary

Definition: Back-To-Back Commitment

Back-To-Back Commitment

Full Definition of Back-To-Back Commitment

A commitment to make a second loan when the terms of a first loan are satisfied. One common type of back-to-back commitment involves replacing a construction loan with a first mortgage. A bank may extend a construction loan to build a house, with the understanding that once the house is built, the construction loan will be paid off and replaced by a mortgage.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Back-To-Back Commitment. Payroll & Accounting Heaven Ltd. November 30, 2021
Chicago Manual of Style (CMS):
Back-To-Back Commitment. Payroll & Accounting Heaven Ltd. (accessed: November 30, 2021).
American Psychological Association (APA):
Back-To-Back Commitment. Retrieved November 30, 2021, from website:

Definition Sources

Definitions for Back-To-Back Commitment are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 19th November, 2021 | 0 Views.