Commitment and Need

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

• A condition requiring relief.
  • usage: "she satisfied his need for affection"; "God has no need of men to accomplish His work"; "there is a demand for jobs"
  • synonyms: demand
• Anything that is necessary but lacking.
  • usage: "he had sufficient means to meet his simple needs"; "I tried to supply his wants"
  • synonyms: want
• The psychological feature that arouses an organism to action toward a desired goal; the reason for the action; that which gives purpose and direction to behavior.
  • usage: "we did not understand his motivation"; "he acted with the best of motives"
  • synonyms: motivation, motive
• A state of extreme poverty or destitution.
  • usage: "their indigence appalled him"; "a general state of need exists among the homeless"
  • synonyms: indigence, penury, pauperism, pauperization

verb

• Require as useful, just, or proper.
  • usage: "It takes nerve to do what she did"; "success usually requires hard work"; "This job asks a lot of patience and skill"; "This position demands a lot of personal sacrifice"; "This dinner calls for a spectacular dessert"; "This intervention does not postulate a patient's consent"
  • synonyms: necessitate, ask, postulate, require, take, involve, call for, demand
• Have need of.
  • usage: "This piano wants the attention of a competent tuner"
  • synonyms: want, require
• Have or feel a need for.
  • usage: "always needing friends and money"

• (adv.) Of necessity. See Needs.
• (n.) A state that requires supply or relief; pressing occasion for something; necessity; urgent want.
• (v.i.) To be wanted; to be necessary.
• (n.) Want of the means of subsistence; poverty; indigence; destitution.
• (n.) That which is needful; anything necessary to be done; (pl.) necessary things; business.
• (n.) Situation of need; peril; danger.
• (n.) To be in want of; to have cause or occasion for; to lack; to require, as supply or relief.
• (adv.) Of necessity. See Needs.
• (v.i.) To be wanted; to be necessary.
• (n.) That which is needful; anything necessary to be done; (pl.) necessary things; business.
• (n.) A state that requires supply or relief; pressing occasion for something; necessity; urgent want.
• (n.) To be in want of; to have cause or occasion for; to lack; to require, as supply or relief.
• (n.) Situation of need; peril; danger.
• (n.) Want of the means of subsistence; poverty; indigence; destitution.

Need is the difference between a student's resources (the estimated family contribution and outside resources, such as scholarships) and the cost of attendance of a school.