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Commitment
Housing and Lending Information from HUD


 
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Commitment

Commitment
An administrative reservation of an allotment or of other funds in anticipation of an obligation. (GAO) The amount of Allotment or lower level authority committed in anticipation of an Obligation. (SGL, definition of account 4700.) (JFMIP Core Appendix A Terminology, p 49) HUDCAPS Core Financial System Standard Accounting Interface, dated 9/30/97

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Copyright 2006. Keith P. Graham