Proxy and Commitment

noun

• A person authorized to act for another.
  • synonyms: placeholder, procurator
• A power of attorney document given by shareholders of a corporation authorizing a specific vote on their behalf at a corporate meeting. .

• (n.) The person who is substituted or deputed to act or vote for another.
• (n.) A writing by which one person authorizes another to vote in his stead, as in a corporation meeting.
• (n.) The written appointment of a proctor in suits in the ecclesiastical courts.
• (n.) The agency for another who acts through the agent; authority to act for another, especially to vote in a legislative or corporate capacity.
• (v.i.) To act or vote by proxy; to do anything by the agency of another.
• (n.) See Procuration.

If you own common stock in a US corporation, you have the right to vote on company policies and to elect the company's board of directors. You may vote in person at the annual meeting or authorize the board to vote on your behalf using an absentee ballot, or' Proxy', which you can submit by mail or, increasingly often, by telephone or over the Internet. The Securities and Exchange Commission (SEC) requires each company to provide a proxy statement, which describes the issues being voted on and introduces the candidates for director. The proxy also reports the total compensation of the company's top five executives, as well as the company's stock performance in relation to Standard & Poor's 500-stock Index (S&P 500) and to comparable companies in the industry.

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.