"Conditional commitment" refers to a promise or agreement that depends on certain conditions being met. It means that someone is willing to do or give something, but only if certain requirements or circumstances are fulfilled. Full definition
USDA has announced a reduction in both the upfront guarantee fee and monthly / annual fee for fiscal year 2017, effective with Conditional Commitments issued on or after October 1, 2016 through September 30, 2017. (centralcoastlending.com)
By the end of last year, the department had made eight loan guarantees totaling $ 3.9 billion and made conditional commitments for another $ 12 billion under the program, which was created by the Energy Policy Act of 2005, during the Bush administration. (nytimes.com)
Underwrote NIV loans, conforming, non-conforming mortgage loans, and provided verification for all follow up documentation of conditional commitments prior to closing or upon receipt and updated system. (resumemycareer.com)