precommitment

noun

pre·com·mit·ment ˌprē-kə-ˈmit-mənt

variants or pre-commitment

plural precommitments or pre-commitments

: a commitment (such as a commitment to do or provide something) made in advance

… intends to raise approximately … 15 million [euros] through a public rights offering, of which … 10 million has already been secured via precommitments from certain existing shareholders and new investors.—

Key Pharma News

Examples of precommitment in a Sentence

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Academics who study the messy interplay between psychology and personal finance have landed on a simple strategy that can help prevent a return to freer-spending ways: precommitment. —

Star Tribune, 23 Jan. 2021