precommitment
noun
pre·com·mit·ment
ˌprē-kə-ˈmit-mənt 
variants
or pre-commitment
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
Key Pharma NewsExamples of precommitment in a Sentence
Recent Examples on the Web
Academics who study the messy interplay between psychology and personal finance have landed on a simple strategy that can help prevent a return to freer-spending ways: precommitment.
—Star Tribune, 23 Jan. 2021
Star Tribune, 23 Jan. 2021
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'precommitment.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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Cite this Entry
“Precommitment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/precommitment. Accessed 26 Apr. 2024.
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