Definicja funds precommitment (PSM-FM)

A process step in the chain of commitment documents which lies between reservation and commitment. A precommitment respresents an initial (but not binding) commitment of funds, and can reference a funds reservation. At the time of funds precommitment, more details are known about what the budget will be used for, but no definite contractual agreement has been made yet. The next step is a funds commitment.