UNLIQUIDATED COMMITMENT
\ʌnlˈɪkwɪdˌe͡ɪtɪd kəmˈɪtmənt], \ʌnlˈɪkwɪdˌeɪtɪd kəmˈɪtmənt], \ʌ_n_l_ˈɪ_k_w_ɪ_d_ˌeɪ_t_ɪ_d k_ə_m_ˈɪ_t_m_ə_n_t]\
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Financial commitment that's outstanding the date a financial statement is prepared.
By Henry Campbell Black
Word of the day
dust storm
- a windstorm that lifts up clouds of dust or sand a windstorm that lifts up clouds dust or sand; "it was the kind of duster not experienced in years"