"Commitment authority" refers to the power or authority given to an individual or organization to make decisions and take action on behalf of a group. This authority allows them to commit resources, such as time, money, or personnel, to projects or tasks that align with their responsibilities or goals.
Full definition
Synonyms for individual words can be found below.
«commitment»
«authority»
Sentences with «commitment authority»
- The program ran out of commitment authority earlier in the year and needed approval from Congress to resume its loan guarantees. (realtormag.realtor.org)
- According to the US Department of Agriculture (UDSA), this increase to the upfront guarantee fee for refinance transactions will make over $ 1.1 billion dollars in refinance commitment authority available to eligible homeowners. (nar.realtor)
- The measure increases the Rural Housing Service commitment authority allowing guaranteed loans; previously, RHS has been providing conditional commitments. (rismedia.com)
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