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Advance commitment

• A promise to sell an asset before the seller has lined up purchase of the asset. This seller can offset risk by purchasing a futures contract to fix the sales price.

 
 Embedded terms in definition
 Asset
Contract
Futures contract
Futures
Offset
Purchase
Risk
Sales
Sell
 
 Related Terms
 Commitment
Commitment fee
Firm commitment underwriting
Percentage advance
Production flow commitment

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Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

Our lives improve only when we take chances -- and the first and most difficult risk we can take is to be honest with ourselves. - Walter Anderson

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