Commitment Letter

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Definition: Commitment Letter

Commitment Letter
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Full Definition of Commitment Letter

A formal offer by a lender making explicit the terms under which it agrees to lend money to a borrower over a certain period of time. also called standby loan commitment or commitment letter or firm commitment lending. also called loan commitment.

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
https://payrollheaven.com/define/commitment-letter/
Modern Language Association (MLA):
Commitment Letter. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 20, 2024 https://payrollheaven.com/define/commitment-letter/.
Chicago Manual of Style (CMS):
Commitment Letter. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/commitment-letter/ (accessed: April 20, 2024).
American Psychological Association (APA):
Commitment Letter. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/commitment-letter/

Definition Sources

Definitions for Commitment Letter 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: 20th November, 2021 | 0 Views.