undertaking - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “undertaking”

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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 from the Cambridge Business English Dictionary © Cambridge University Press)
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