commitment
commitment : action resulting in an obligation by one or more of the participants in the act to comply with a rule or perform a contract.
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commitment
commitment : action resulting in an obligation by one or more of the participants in the act to comply with a rule or perform a contract.
Definition
action resulting in an obligation by one or more of the participants in the act to comply with a rule or perform a contract
This is a concrete item and can be implemented directly
Term: commitment;
Plural: commitments;
Notes
NOTE 1 to entry: The enterprise object(s) participating in an action of commitment may be parties or agents acting on behalf of a party or parties. In the case of an action of commitment by an agent, the principal becomes obligated.
Examples