An agreement that guarantees a person or company will commit substantial income at a future date that is pre-determined. These types of commitments are essentially liabilities even if the expense has not been paid out yet.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser