Commitment and Permit

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 legal document giving official permission to do something.
  • synonyms: license, licence
• The act of giving a formal (usually written) authorization.
  • synonyms: license, permission
• Large game fish; found in waters of the West Indies.
  • synonyms: Trachinotus falcatus

verb

• Consent to, give permission.
  • usage: "She permitted her son to visit her estranged husband"; "I won't let the police search her basement"; "I cannot allow you to see your exam"
  • synonyms: allow, let, countenance
• Make it possible through a specific action or lack of action for something to happen.
  • usage: "This permits the water to rush in"; "This sealed door won't allow the water come into the basement"; "This will permit the rain to run off"
  • synonyms: let, allow
• Allow the presence of or allow (an activity) without opposing or prohibiting.
  • usage: "We don't allow dogs here"; "Children are not permitted beyond this point"; "We cannot tolerate smoking in the hospital"
  • synonyms: allow, tolerate

• (n.) A large pompano (Trachinotus goodei) of the West Indies, Florida, etc. It becomes about three feet long.
• (n.) The round pompano. (T. falcatus).
• (v.i.) To grant permission; to allow.
• (v.t.) To grant (one) express license or liberty to do an act; to authorize; to give leave; -- followed by an infinitive.
• (v.t.) To consent to; to allow or suffer to be done; to tolerate; to put up with.
• (n.) Warrant; license; leave; permission; specifically, a written license or permission given to a person or persons having authority; as, a permit to land goods subject to duty.
• (v.t.) To give over; to resign; to leave; to commit.

PERMIT is the government body's permission (written) to some perform specific activity which is regulated by that body.