Webster's English Dictionary

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commitment

com.mit.ment \k*-'mit-m*nt\ n 1a: an act of committing to a charge or trust 
   : as  1a1: a consignment to a penal or mental institution  1a2: an act of 
   referring a matter to a legislative committee  1b: MITTIMUS  2a: an 
   agreement or pledge to do something in the future; esp : an  engagement to 
   assume a financial obligation at a future date 2b: something pledged  2c: 
   the state of being obligated