Adverse Action
  
It's basically just what it sounds like: a fancy term for things going wrong.
Adverse actions catalogue the times when the world's big bureaucracies - the government, financial institutions, corporate entities - turn against you. They're an official record of your bad days.
Adverse actions come up frequently in the contexts of credit checks and employment. You know how in school, vice principals were always threatening to put things on your permanent record? Adverse actions are kind of like that. They are notices that come up when people do certain checks, like when a lender looks at your credit report, or when an employer does a background check before hiring you.
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![Finance: What is a Commitment Letter?](https://media1.shmoop.com/video/thumbnails/COURSE.FINANCE.670_770x433.jpg)
Finance: What is a Commitment Letter?5 Views
Finance a la shmoop what is a commitment letter? dear Rebecca it's been fun and
all but asking me to move in with you was a real turnoff so uh have a nice [Rebecca reading letter]
life yeah that would be a fear of commitment letter I know that one well
well so what's a commitment letter then all right well you need dough but you
don't need it today you need it in six months when construction is finished on
your cabin by the lake at that point you'll convert your very expensive
building loan into a normal mortgage well you can go to the bank and for a [Man walks into bank]
small ish fee get a commitment letter from them which stipulates that assuming
nothing material changes between now and then you will in fact then get a loan
for one hundred fifty two thousand dollars at 5 percent fixed interest rate
for 30 years the bank is then committed to giving you that loan when you know [Contract stamped with committed]
eventually you need it that way you don't have to worry about your bank you
know breaking up with you which is nice because it's tough getting
the It's not you it's me speech from a guy in a bowtie [Man wearing bow tie talking to a man in the bank]
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