Definitions for "LETTER OF COMMITMENT"
A letter from an organization indicating its specific role and commitment in a collaborative project. The letter should clearly specify the resources that the organization is committing.
Written assurance of participation from an organization or individual concerning a project to be undertaken by an organization or individual if the proposal would be funded. Letters of commitment are obtained by organizations or individuals who are considered credible in the eyes of the funder.
A letter from a partnering/collaborating agency or organization that documents and commits in writing their specific contribution to and/or support of your proposed project.
A signed letter or agreement from a third party to the grant applicant that pledges financial or other support for the grant activities contingent on receiving a grant award.
Official notification to a borrower of the lender's intent to grant a loan. Generally specifies the terms of the loan and sets a date for the closing.