precommitment

noun pre·com·mit·ment \ ˌprē-kə-ˈmit-mənt \
variants: or pre-commitment

Definition of precommitment

plural precommitments or pre-commitments
: a commitment (such as a commitment to do or provide something) made in advance
  • … intends to raise approximately … 15 million [euros] through a public rights offering, of which … 10 million has already been secured via precommitments from certain existing shareholders and new investors.
  • Key Pharma News

First Known Use of precommitment

1855

in the meaning defined above

See Words from the same year
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