undertaking


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Undertaking

A written promise offered as security for the performance of a particular act required in a legal action.

In a criminal case, an undertaking of bail is security for the appearance of the defendant. In the event the defendant fails to appear, the amount posted as bail is forfeited.

An undertaking with adequate security is a bond. The term is used in a general sense to refer to any type of promise or stipulation.

undertaking

(Attempt), noun design, effort, plan, purpose, quest, search, task undertaken, trial

undertaking

(Bond), noun pledge, security

undertaking

(Business), noun engagement, project, pursuit, task, transaction, venture

undertaking

(Commitment), noun agreement, obligation, pledge

undertaking

(Enterprise), noun adventure, affair, attempt, business, coeptum, concern, effort, emprise, engagement, essay, exercise, inceptum, job, move, occupation, operation, plan, program, project, pursuit, quest, search, task, trial, venture
Associated concepts: joint undertaking

undertaking

(Pledge), noun agreement, assurance, avowal, commitment, compact, contract, covenant, guarantee, insurance, oath, obligation, parole, pledged word, promise, security, stipulation, troth, vow, warrant, word
Associated concepts: bail undertaking, insufficiency of unnertaking, statutory undertaking, undertaking
See also: activity, adoption, affair, agreement, appointment, assumption, bail, burden, business, calling, campaign, charge, commitment, contract, covenant, coverage, effort, endeavor, enterprise, expedient, indenture, industry, insurance, job, labor, livelihood, maneuver, mission, occupation, operation, part, plan, pledge, position, post, practice, proceeding, profession, project, prosecution, pursuit, responsibility, role, specialty, transaction, vow, work

undertaking

in the law of the EUROPEAN UNION, one of the subjects of the law. It covers companies, partnerships and sole traders and is particularly the focus of the COMPETITION POLICY.

UNDERTAKING, contracts. An engagement by one of the parties to a contract to the other, and not the mutual engagement of the parties to each other; a promise. 5 East, R. 17; 2 Leon. 224, 5; 4 B, & A. 595.

References in periodicals archive ?
The online merger filing system not only aids to expedite the application process, but the undertakings can also easily trace the status of their applications online.
The undertakings require the individuals not to break a range of consumer legislation or operate to the detriment of consumers.
Respondents submit that they have complied with most of the terms of the Undertaking, and that any breaches were so minor that the Court need not exercise its discretion to grant the relief sought.
For our partners and customers this undertaking offers now a possibility to freely select new innovative products", says Stonesoft CEO Esa Korvenmaa.
Moveover, all too many nongovernmental forces for modernization, such as the small entrepreneurial class, were found largely outside the majority community, and they were not prepared to translate theirs into government undertakings.
Although rental business activities must generally be kept apart and cannot be part of an undertaking, there is an exception in which the rental activity is ancillary to the nonrental business activity or vice versa.
The undertaking rules determine how a taxpayer's operations are combined into undertakings.
The undertaking includes 2,500,000 AttentiV shares held by HSBC, representing some 4.
In order to carry out its mission, HKG applied for establishment as a Joint Undertaking - a status that it was granted for a period of 25 years in June 1974 - as well as certain advantages granted under the Euratom Treaty, albeit for a limited period.
The job-related and trade or business requirements for full-time students generally arise in two different contexts: (1) whether the taxpayer's education period is merely i temporary hiatus from his previous job to a new job (in the same field), or (2) whether the taxpayer was in a trade or business before undertaking the graduate education.
The scheduling of the groundbreaking results from North Metro entering into a preliminary undertaking for construction and permanent financing and continued progress toward receipt of all required permits and government approvals.
As announced by Iron Mountain and Recall Holdings this morning, Iron Mountain has offered a draft proposed divestment undertaking to the ACCC.