- verplichting
- obligation
- obligation
- Verpflichtung
A duty to make a future payment of money. The duty is incurred as soon as an
order is placed, or a contract is awarded for the delivery of goods and/or the
performance of services. The placement of an order is sufficient. An Obligation
legally encumbers a specified sum of money which will require outlay(s) or
expenditures in the future.
Source: Max Wideman.com
Copyright: Wideman Comparative Glossary
of Common Project Management Terms v3.1 is copyright by R. Max Wideman, March
2002.
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