undertaking


undertaking
Broadly, that which one has agreed to do. Technically, an obligation in writing binding the signatories to pay such an amount as shall be adjudged due. General American Industries, Inc. v County Court of Clear Creek County, 136 Colo 86, 316 P2d 565. Although the essential purpose of all undertaking is the same as that of a bond, and an undertaking with security is in common usage and in the language of the law, a bond, the dissimilarity in terms is fundamental. An undertaking has to do with amounts to be determined, whereas a bond has to do with liquidated amounts. 12 Am J2d Bonds § 1. The distinction between a bond and all undertaking is that the principal should sign the former and that he is not required to sign the latter. Russell , Chicago, B. & Q. R. Co. 37 Mont 1, 94 P 48 8, 501.

Ballentine's law dictionary. . 1998.

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  • undertaking — un·der·tak·ing n 1: a promise or pledge esp. required by law 2: something (as cash or a written promise) deposited or given as security esp. in a court ◇ Undertakings are often required of one party during property actions (as for attachment) in… …   Law dictionary

  • undertaking — un‧der‧tak‧ing [ˌʌndəˈteɪkɪŋ ǁ ˈʌndərteɪ ] noun 1. [countable usually singular] an important job, piece of work, or activity that you are responsible for: • Starting a new business can be a risky undertaking. 2. [countable] COMMERCE a business: • …   Financial and business terms

  • Undertaking — Un der*tak ing, n. 1. The act of one who undertakes, or engages in, any project or business. Hakluyt. [1913 Webster] 2. That which is undertaken; any business, work, or project which a person engages in, or attempts to perform; an enterprise.… …   The Collaborative International Dictionary of English

  • Undertaking — may refer to: * The task performed by an undertaker. * The obligation resulting from a commitment that has been made. * In business, in particular in EU English , the term is used interchangeably with Enterprise, i.e. a business entity. * In… …   Wikipedia

  • undertaking — enterprise, early 15c., from prp. of UNDERTAKE (Cf. undertake) (v.) …   Etymology dictionary

  • undertaking — [n] endeavor, attempt adventure, affair, business, deal, effort, engagement, enterprise, essay, experiment, game, happening, hassle, hazard, job, move, operation, outfit, play, project, proposition, pursuit, shop, striving, struggle, task, thing* …   New thesaurus

  • undertaking — ► NOUN 1) a formal pledge or promise to do something. 2) a task that is taken on; an enterprise. 3) the management of funerals as a profession …   English terms dictionary

  • undertaking — [un΄dər tā′kiŋ; ] also, & for 3 always, [un′dər tā΄kiŋ] n. 1. something undertaken; task; charge; enterprise 2. a promise; guarantee 3. the business of an UNDERTAKER (sense 2) 4. the act of one who undertakes some task, responsibility, etc …   English World dictionary

  • undertaking — n. promise (esp. BE) 1) to give smb. an undertaking 2) an undertaking to + inf. (an undertaking to complete a project in six months) task, enterprise 3) a joint; large scale undertaking * * * [ˌʌndə teɪkɪŋ] large scale undertaking [ promise ]… …   Combinatory dictionary

  • Undertaking — (Roget s Thesaurus) < N PARAG:Undertaking >N GRP: N 1 Sgm: N 1 undertaking undertaking Sgm: N 1 compact compact &c. 769 Sgm: N 1 adventure adventure venture Sgm: N 1 engagement engagement &c.(promise) 768 Sgm: N 1 enterp …   English dictionary for students

  • undertaking — noun 1 piece of work/business ADJECTIVE ▪ big, considerable (esp. BrE), large, major ▪ enormous, great, huge, massive, monumental …   Collocations dictionary


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