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English definition of “undertaking”

undertaking

noun [C]     /ˈʌndəˌteɪkɪŋ/
a job , task , or piece of work that someone has decided or agreed to do: a big/enormous/major undertaking This is an enormous and most ambitious undertaking.
formal a formal promise : an undertaking to do sth Many banks have given undertakings to lend more.an undertaking that Both companies gave an undertaking that they will stop discounting .
formal a business : IOC is India's largest commercial undertaking. 90% of the investment portfolio comprised investment in the securities of the associated undertakings.
(Definition of undertaking noun from the Cambridge Business English Dictionary © Cambridge University Press)
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