# ASC 440-10-60: Commitments — Overall — 60 Relationships Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/440/10/#60-relationships) Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-10T00:25:35.069Z to 2026-09-10T00:25:35.069Z Record version: sha256:4d0c8ff250d25b8d2fda3bb2eef683497519d67ce9c7d0d0bdb3c8e905cacb01 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 440-10-60: 60 Relationships [Read section](https://asc.understandingaccounting.org/asc/440/10/#60-relationships) SEC content: no #### Receivables ##### [440-10-60-1](https://asc.understandingaccounting.org/asc/440/10/#440-10-60-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:25:35.069Z to 2026-09-10T00:25:35.069Z Record version: sha256:6a5d68eb89024cbf4837944a5381da7bac4021a40a5cd83b26c9d3bf8c4fefbd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For fees received for a commitment to originate or purchase a loan or group of loans, see Subtopic 310-20. #### Inventory ##### [440-10-60-2](https://asc.understandingaccounting.org/asc/440/10/#440-10-60-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:25:35.069Z to 2026-09-10T00:25:35.069Z Record version: sha256:1e0d99ac31b2d327d10f0fc692d656405469432184e5256ad90502bf8612300c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on accrual of net losses on firm purchase commitments for goods for inventory, see paragraph [330-10-35-17](https://asc.understandingaccounting.org/asc/330/10/#330-10-35-17). #### Asset Retirement and Environmental Obligations ##### [440-10-60-3](https://asc.understandingaccounting.org/asc/440/10/#440-10-60-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:25:35.069Z to 2026-09-10T00:25:35.069Z Record version: sha256:8a2b7791cc079cadb26549668509f27073864a1910b0973dd229b6dc4dd50de6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For postremediation monitoring commitments, see Subtopic 410-30. ##### [440-10-60-4](https://asc.understandingaccounting.org/asc/440/10/#440-10-60-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:25:35.069Z to 2026-09-10T00:25:35.069Z Record version: sha256:f2e2ee700e57533db513971ac3845678940b9c860165b5b7493a6be45883e48c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2018-07](https://asc.understandingaccounting.org/updates/asu-2018-07/). ##### [440-10-60-5](https://asc.understandingaccounting.org/asc/440/10/#440-10-60-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:25:35.069Z to 2026-09-10T00:25:35.069Z Record version: sha256:bf6d0a1c92b5d58f9aeacf89a149b06c5ba230bb892323b14a0c2cfe2d535d7a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). #### Compensation—Retirement Benefits ##### [440-10-60-6](https://asc.understandingaccounting.org/asc/440/10/#440-10-60-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:25:35.069Z to 2026-09-10T00:25:35.069Z Record version: sha256:de6be2132a14f5c7a05114c49be5cb4e633351d536211d048d7c73bbc1b363c7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For commitments related to pension plans, see Topic 715. #### Other Expenses ##### [440-10-60-7](https://asc.understandingaccounting.org/asc/440/10/#440-10-60-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:25:35.069Z to 2026-09-10T00:25:35.069Z Record version: sha256:07e1618bacff1ecc07801f23e51c29824c631a7473e5b5c88986da647c7a03bd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For commitments to contribute, see Subtopic 720-25. #### Research and Development ##### [440-10-60-8](https://asc.understandingaccounting.org/asc/440/10/#440-10-60-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:25:35.069Z to 2026-09-10T00:25:35.069Z Record version: sha256:c1b5bf954299fc34e9eb728669e3b2b3c43eb86d70f7fe79b5789e91e578f7a1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For royalty arrangements, purchase provisions, license agreements, and commitments to provide additional funding and other commitments under research and development arrangements, see Subtopic 730-20. #### Derivatives and Hedging ##### [440-10-60-9](https://asc.understandingaccounting.org/asc/440/10/#440-10-60-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:25:35.069Z to 2026-09-10T00:25:35.069Z Record version: sha256:2db88916e77871e472408edcb7a1939d3a82a4f77f6e7acac26be2a409ff9c21 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For designating a derivative instrument as a hedge of the exposure to changes in the fair value of an unrecognized firm commitment, see Subtopic 815-25. ##### [440-10-60-10](https://asc.understandingaccounting.org/asc/440/10/#440-10-60-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:25:35.069Z to 2026-09-10T00:25:35.069Z Record version: sha256:1bb7b50a4b6e408bd31ea167a4946b679078fb5773c5ae1a1851b22c9149e38c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For loan commitments that relate to the origination of mortgage loans that will be held for sale, see paragraph [815-10-15-71](https://asc.understandingaccounting.org/asc/815/10/#815-10-15-71). #### Foreign Currency Matters ##### [440-10-60-11](https://asc.understandingaccounting.org/asc/440/10/#440-10-60-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:25:35.069Z to 2026-09-10T00:25:35.069Z Record version: sha256:caca24a752d3b2c01c5416466b02c6e3081fd0d796452efb19709c70ac818cac Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For foreign currency commitments, see paragraph [830-20-35-3](https://asc.understandingaccounting.org/asc/830/20/#830-20-35-3). #### Leases ##### [440-10-60-12](https://asc.understandingaccounting.org/asc/440/10/#440-10-60-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:25:35.069Z to 2026-09-10T00:25:35.069Z Record version: sha256:845d5596af7c9d36342a6cea34362096ef1e90d0686b3d7a1711b389aa9845b6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For commitments under [leases](https://asc.understandingaccounting.org/glossary/l/#lease "A contract, or part of a contract, that conveys the right to control the use of identified property, plant, or equipment (an identified asset) for a period of time in exchange for consideration."), see Topic 842 ##### [440-10-60-13](https://asc.understandingaccounting.org/asc/440/10/#440-10-60-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:25:35.069Z to 2026-09-10T00:25:35.069Z Record version: sha256:7626ee9ac24f49e495231908523db3e6311f506291b8bed99d2b81591abd2476 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For nuclear fuel leases structured as [take-or-pay contracts](https://asc.understandingaccounting.org/glossary/t/#take-or-pay-contract "An agreement between a purchaser and a seller that provides for the purchaser to pay specified amounts periodically in return for products or services. The purchaser must make specified minimum payments even if it does not take delivery of the contracted products or services."), see paragraph [842-10-55-1](https://asc.understandingaccounting.org/asc/842/10/#842-10-55-1). #### Transfers and Servicing ##### [440-10-60-14](https://asc.understandingaccounting.org/asc/440/10/#440-10-60-14) Pending content: no Source downloaded (UTC): 2026-09-10T00:25:35.069Z to 2026-09-10T00:25:35.069Z Record version: sha256:58cea2a17a418cf82fd46001f3448cb9f0e41b62fe2f4d2a6709ce95229aa38d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For assets pledged as collateral for secured borrowings, see Subtopic 860-30. #### Financial Services—Mortgage Banking ##### [440-10-60-15](https://asc.understandingaccounting.org/asc/440/10/#440-10-60-15) Pending content: no Source downloaded (UTC): 2026-09-10T00:25:35.069Z to 2026-09-10T00:25:35.069Z Record version: sha256:d85b70139cc0e717cbd162f4c5c7efd622d09ba9439d6fe5146d9284f296528e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For fair value of committed and uncommitted mortgage loans and mortgage-backed securities, see Section 948-310-35. ##### [440-10-60-16](https://asc.understandingaccounting.org/asc/440/10/#440-10-60-16) Pending content: no Source downloaded (UTC): 2026-09-10T00:25:35.069Z to 2026-09-10T00:25:35.069Z Record version: sha256:d45e5eb275171e3d40316320423b05a40d7c70252c092ecbb867575fab5c1232 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For recognition of loan and commitment fees, see paragraph [948-310-35-7](https://asc.understandingaccounting.org/asc/310/948/#310-948-35-7). ##### [440-10-60-17](https://asc.understandingaccounting.org/asc/440/10/#440-10-60-17) Pending content: no Source downloaded (UTC): 2026-09-10T00:25:35.069Z to 2026-09-10T00:25:35.069Z Record version: sha256:b5fb76e11b240f45786d5b64a54d951c85210f1e2f27c857404670fe35889062 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For commitment fees relating to loans held for sale (residential or commercial loan commitment fees), see paragraph [948-720-25-1](https://asc.understandingaccounting.org/asc/720/948/#720-948-25-1). #### Health Care Entities ##### [440-10-60-18](https://asc.understandingaccounting.org/asc/440/10/#440-10-60-18) Pending content: no Source downloaded (UTC): 2026-09-10T00:25:35.069Z to 2026-09-10T00:25:35.069Z Record version: sha256:b0a95493114911dd908ad732afcd60cef133462f7856c9498996802d3762d457 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For prepaid health care services contracts, see paragraph [954-450-25-4](https://asc.understandingaccounting.org/asc/450/954/#450-954-25-4). ##### [440-10-60-19](https://asc.understandingaccounting.org/asc/440/10/#440-10-60-19) Pending content: no Source downloaded (UTC): 2026-09-10T00:25:35.069Z to 2026-09-10T00:25:35.069Z Record version: sha256:dccd310744e5ed388c36f6a85a119eb01c0e4bc0a32fc7da7cc725377af89aa1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [440-10-60-20](https://asc.understandingaccounting.org/asc/440/10/#440-10-60-20) Pending content: no Source downloaded (UTC): 2026-09-10T00:25:35.069Z to 2026-09-10T00:25:35.069Z Record version: sha256:4f7b1d87a73062e7094f62d24932f8a863c5880c25b49a76f51536ba60e04e3b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).