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People sometimes use that as a term to mean a loan (mortgage, vehicle) because when you sign the loan papers you are making a commit (of a financial nature) to pay them (being the bank) there money back

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14y ago
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10y ago

Monetary commitment is when one commits to helping out another individual or business by supplying them with money, which will be paid back at a later time.

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Q: What is financial commitment?
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