Conditional Commitment
In loan guarantees, a commitment requires to meet an equity commitment, as well as other conditions, before the loan guarantee is closed.
Read more about this topic: Promise
Famous quotes containing the words conditional and/or commitment:
“The population of the world is a conditional population; these are not the best, but the best that could live in the existing state of soils, gases, animals, and morals: the best that could yet live; there shall be a better, please God.”
—Ralph Waldo Emerson (1803–1882)
“American families, however, without exception, experience a double message in our society, one that claims a commitment to families and stresses the importance of raising bright, stable, productive citizens, yet remains so bound by an ideal of “rugged individualism” that parents receive little support in their task from the public or private sectors.”
—Bernice Weissbourd (20th century)