financial commitment vs economic burden

Both 'financial commitment' and 'economic burden' are correct phrases, but they convey slightly different meanings. 'Financial commitment' refers to a promise or obligation to pay a certain amount of money, usually in the context of an investment or agreement. On the other hand, 'economic burden' refers to the impact or strain that financial obligations or responsibilities place on an individual or entity.

Last updated: March 20, 2024 • 640 views

This phrase is correct and commonly used in English.

"financial commitment"

It refers to a promise or obligation to pay a certain amount of money, usually in the context of an investment or agreement.

Examples:

Making a financial commitment to purchase a house is a big decision.
The company made a significant financial commitment to expand its operations.

Show examples from the web [+]

financial commitment. unliquidated commitment · gross investment. DefinitionAdd to FlashcardsSave to Favorites. An undertaking to commit substantial ...
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Jan 8, 2016 ... A financial commitment occurs when an individual or an entity assumes responsibility for covering certain expenses. Some financial ...
Nov 29, 2014 ... However, making a financial commitment is a big decision, and directly affects our budgets, and sometimes other aspects of our lives as well.

Alternatives:

financial obligation
monetary commitment
financial responsibility
financial pledge
financial investment

This phrase is correct and commonly used in English.

"economic burden"

It refers to the impact or strain that financial obligations or responsibilities place on an individual or entity.

Examples:

The economic burden of the pandemic has been felt by many businesses.
Student loans can create a significant economic burden for graduates.

Show examples from the web [+]

Economic burden of disease. While measurements of morbidity and mortality are key considerations for estimating the burden of disease in populations, they ...
Sep 19, 2011 ... The Global Economic Burden of NCDs. 14. 2.1 Approach 1: Cost-of-Illness. 15. 2.2 Approach 2: Value of Lost Output. 28. 2.3 Approach 3: Value ...
Oct 14, 2013 ... Economic burden of cancer across the European Union: a population-based ... We aimed to estimate the economic burden of cancer in the EU.
Cancer Epidemiol Biomarkers Prev. 2011 Oct;20(10):2006-14. doi: 10.1158/1055 -9965.EPI-11-0650. Economic burden of cancer in the United States: estimates, ...

Alternatives:

financial strain
financial hardship
financial pressure
financial encumbrance
financial weight

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financial commitment vs economic burden