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An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.<ref>[http://www.senate.gov/reference/glossary_term/obligation.htm] US Senate Reference</ref>
An '''obligation''' is an [[order]] placed, [[contract]] awarded, service received, or similar [[transaction]] during a given period that will require payments during the same or a future period.<ref>[https://www.senate.gov/reference/glossary_term/obligation.htm] US Senate Reference</ref>
==References==
==References==
<references/>
<references/>
[[Category:US Senate Terms]]
[[Category:United States Senate Terms]]
[[Category:Economics]]