Commitments

Accounting Terms Dictionary

Select a letter below to view all accounting terms that begin with that letter.

Commitments

Money set aside to pay a bill you know you will be receiving in the future.

Susan’s company bought a $500,000 machine. She has set aside a $500,000 bank CD so she will be able to pay the bill when it is received. The CD would be considered a commitment.

There is currently no content classified with this term.

Get instant access to step-by-step instructions on how to apply and sit for the CPA Exam.

Expected or Past Undergrad Graduation Date*

When Do You Plan to Start Studying?