Commitment To Pay
From Open Risk Manual
Definition
Commitment To Pay. A commitment obliging one party to make a payment to another party (e.g. to fund a loan, make payments, pay origination fees)
Issues and Challenges
Future consideration: perhaps add payment methods, and timing constraints.
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
Facts about "Commitment To Pay"
| IsDefinedBy URI of an entity that is defined via an imported vocabulary. | https://spec.edmcouncil.org/fibo/ontology/LOAN/LoanContracts/LoanCore/index-en.html + |
