Committed expenditure definition
Committed expenditure means expenditure for which firm purchase orders/ work orders have been placed and includes the bills pending for payment.
Committed expenditure means the potential borrower’s credit and other contractual commitments which will continue after the loan is entered into;
Committed expenditure means the customer’s credit and other financial commitments which will continue after the loan is granted;
More Definitions of Committed expenditure
Committed expenditure means any expenditure for which BBMP is bound to honour the bill for payment when presented;