Home
E-Mail
Latest

Unauthorized Commitment at Business Glossary

What is it? Order for supplies or services placed by an agency employee authorized to do so or orders placed by contracting officers exceeding their authorized dollar limit.

Business Dictionary Term Definition Added By: Abigail

The Unauthorized Commitment definition has been viewed 258 Time(s)!




Send To Friends!

If you'd like to send the Unauthorized Commitment definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -





We hope you now understand the meaning of Unauthorized Commitment. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Business Terms:

Business Term theocratic totalitarianism is A political system in which political power is monopolized by a party, group, or individual that governs according to religious principles.

Business Term Best-efforts sale is A method of securities distribution/ underwriting in which the securities firm agrees to sell as much of the offering as possible and return any unsold shares to the issuer. As opposed to a guaranteed or fixed price sale, where the underwriter agrees to sell a specific number of shares (with the securities firm holding any unsold shares in its own account if necessary).

Business Term Pier-to-Pier is Shipment of cargo with carrier responsibility from origin pier to discharge pier.

Business Term Entrepot Trade is The import and export of goods which receive no further processing but are distributed from the entrepot facility which is chosen for its location and lack of restrictions on trade,

Business Term Export Restraints is Quantitative restrictions imposed by exporting countries to limit exports to specified foreign markets, usually as a follow-up to formal or informal agreements reached with importing countries.