Difference between revisions of "Obligation"

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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>[http://www.senate.gov/reference/glossary_term/obligation.htm] US Senate Reference</ref>
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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==

Latest revision as of 18:53, September 26, 2018

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.[1]

References

  1. [1] US Senate Reference