Transaction Undertaking

From Open Risk Manual

Definition

Transaction Undertaking. A contractually defined and established commitment to deliver some goods, perform some service or make some payment in cash or in kind.


Issues and Challenges

From REA ontology.

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.