The phrase "financial commitment" means when someone agrees to use their money for a specific purpose or investment, usually for a certain period of time. Full definition
The list of financial commitments made over the years is staggering. (careerdigital.com)
No history of encouraging people to make financial commitments that they can't meet either. (skepticalob.com)
Many important financial commitments in life require good credit, including owning a home, being approved for a loan, and buying a car. (badcredit.org)