commitment Meaning in Cambridge Business English Dictionary
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Meaning of "commitment" - Business English Dictionary

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commitment

noun
 
 
/kəˈmɪtmənt/
[C or U] a promise or firm decision to do something, or the fact of promising something: He was encouraged by the commitment of car manufacturers to improving dealer profitability. The mayor also pleaded for a commitment to the city's request for $250 million in federal funds. We will set an example to the rest of the public sector and business by making a commitment to buy recycled goods. a strong/firm commitment We can arrange for you to trial the equipment without commitment to buy.
[C or U] an amount of money that you have to pay, or the fact of promising to pay: It is unclear whether the regulator can force a foreign firm to honour its UK pension commitments. We believe that a commitment of $25 million is a good investment for our policyholders.
[U] the fact of being willing to give your time and energy to something: He argued that an organization's communications are crucial in influencing staff understanding and commitment. She is very bright, but she lacks commitment.
[C] something that you must do or deal with that takes your time: Jury service is a public duty that many of us would like to avoid, because of work or family commitments.
(Definition of commitment from the Cambridge Business English Dictionary © Cambridge University Press)
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