precommitment
noun
pre·com·mit·ment
ˌprē-kə-ˈmit-mənt 
variants
or pre-commitment
plural precommitments or pre-commitments
: a commitment (such as a commitment to do or provide something) made in advance
… intends to raise approximately … 15 million [euros] through a public rights offering, of which … 10 million has already been secured via precommitments from certain existing shareholders and new investors.—
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Academics who study the messy interplay between psychology and personal finance have landed on a simple strategy that can help prevent a return to freer-spending ways: precommitment.
—Star Tribune, 23 Jan. 2021
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Star Tribune, 23 Jan. 2021
Cite this Entry
“Precommitment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/precommitment. Accessed 31 Oct. 2025.
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