Commitment and Application

noun

• The trait of sincere and steadfast fixity of purpose.
  • usage: "a man of energy and commitment"
  • synonyms: committedness
• The act of binding yourself (intellectually or emotionally) to a course of action.
  • usage: "his long commitment to public service"; "they felt no loyalty to a losing team"
  • synonyms: allegiance, loyalty, dedication
• An engagement by contract involving financial obligation.
  • usage: "his business commitments took him to London"
• A message that makes a pledge.
  • synonyms: dedication
• The official act of consigning a person to confinement (as in a prison or mental hospital. ).
  • synonyms: committal, consignment

• (n.) The act of referring or intrusting to a committee for consideration and report; as, the commitment of a petition or a bill.
• (n.) The act of committing or putting in charge, keeping or trust; consignment; especially, the act of committing to prison.
• (n.) A doing or perpetration, in a bad sense, as of a crime or blunder; commission.
• (n.) A warrant or order for the imprisonment of a person; -- more frequently termed a mittimus.
• (n.) The act of pledging or engaging; the act of exposing, endangering or compromising; also, the state of being pledged or engaged.

Commitment is a promise by a lender to make a loan on specific terms or conditions to a borrower or builder. A promise by an investor to purchase mortgages from a lender with specific terms or conditions. An agreement, often in writing, between a lender and a borrower to loan money at a future date subject to the completion of paper work or compliance with stated conditions.

noun

• The act of bringing something to bear; using it for a particular purpose.
  • usage: "he advocated the application of statistics to the problem"; "a novel application of electronics to medical diagnosis"
  • synonyms: practical application
• A verbal or written request for assistance or employment or admission to a school.
  • usage: "December 31 is the deadline for applications"
• The work of applying something.
  • usage: "the doctor prescribed a topical application of iodine"; "a complete bleach requires several applications"; "the surface was ready for a coating of paint";
  • synonyms: coating, covering
• A program that gives a computer instructions that provide the user with tools to accomplish a task.
  • usage: "he has tried several different word processing applications"
  • synonyms: application program, applications programme
• Liquid preparation having a soothing or antiseptic or medicinal action when applied to the skin.
  • usage: "a lotion for dry skin"
  • synonyms: lotion
• A diligent effort.
  • usage: "it is a job requiring serious application"
  • synonyms: diligence
• The action of putting something into operation.
  • usage: "the application of maximum thrust"; "massage has far-reaching medical applications"; "the application of indexes to tables of data"

• (n.) The act of applying as a means; the employment of means to accomplish an end; specific use.
• (n.) The act of directing or referring something to a particular case, to discover or illustrate agreement or disagreement, fitness or correspondence; as, I make the remark, and leave you to make the application; the application of a theory.
• (n.) Hence, in specific uses: (a) That part of a sermon or discourse in which the principles before laid down and illustrated are applied to practical uses; the "moral" of a fable. (b) The use of the principles of one science for the purpose of enlarging or perfecting another; as, the application of algebra to geometry.
• (n.) A request; a document containing a request; as, his application was placed on file.
• (n.) The capacity of being practically applied or used; relevancy; as, a rule of general application.
• (n.) The act of fixing the mind or closely applying one's self; assiduous effort; close attention; as, to injure the health by application to study.
• (n.) The act of making request of soliciting; as, an application for an office; he made application to a court of chancery.
• (n.) The thing applied.
• (n.) The act of applying or laying on, in a literal sense; as, the application of emollients to a diseased limb.

Application is a request for a loan that includes the information about the potential borrower, the property and the requested loan that the solicited lender needs to make a decision. In a narrower sense, the application refers to a standardized application form called the "1003" which the borrower is obliged to fill out.

1. The system or problem to which a computer is applied. Reference is often made to an application as being either of the computational type (arithmetic computations predominate) or of the data processing type (data handling operations predominate).