What Are Commitment Fees and What Effect Does It Have

question 25

Essay

What are commitment fees and what effect does it have on the loan?

---

Definitions:

Normal Eyeball

An eyeball that has proper shape and size, allowing for clear vision and normal focusing ability without the aid of corrective lenses.

Ciliary Muscles

The ring of smooth muscle fibers in the eye's middle layer that controls the lens's shape for focusing.

Cataract

A medical condition where the lens of the eye becomes progressively opaque, leading to blurred vision and, if untreated, blindness.

Clouding

A visual effect where transparency is reduced, leading to a opaque or milky appearance, often observed in materials or solutions.