What is the definition of Purchase commitments? | Dictionary.net

PURCHASE COMMITMENTS

\pˈɜːt͡ʃɪs kəmˈɪtmənts], \pˈɜːt‍ʃɪs kəmˈɪtmənts], \p_ˈɜː_tʃ_ɪ_s k_ə_m_ˈɪ_t_m_ə_n_t_s]\

Definitions of PURCHASE COMMITMENTS

1910 - Black's Law Dictionary (2nd edition)

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The commitment by a purchaser to buy a property. There is no formal commitment to purchase and the buyer can change their mind about purchasing the product. It is an intention to purchase not a formal commitment to buy.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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