Commitment to Pay

From Open Risk Manual
Revision as of 22:02, 10 February 2020 by Wiki admin (talk | contribs) (Initial Entry)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

Definition

Commitment to Pay. It is an obligation made by a party such as a financial provider to make a payment to meet a specified obligation at a future date.