What does this term mean?

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"Full-time position with a year commitment"

It means they will train you and don't want you to run off in 6 months to another job before they get their moneys worth.

Contracts can be good... I'm offering to sign one in a job I've been interviewing for - I'm not the type to jobhop anyway...

They want to you be committed to them for at least 12 months.

They might keep you on longer, but since most all jobs are "at will" anyhow, they are just saying that they don't want you leaving if they hire you. There is nothing there that strongly implies that they are obligated to you for 12 months.

It might mean that they are going to offer you low "training wages" for a year and then kick you out so that they can hire a new load of suckers who are willing to work their butts off for the chance of a better paid future that isn't going to happen.

Yes a lot of companies do just that!

I think that the conventional definition is that "full time" means approximately 40 hours per week. The reality is that you will often be expected to work more hours than that, but with no additional pay.

a "year commitment" means that the job will probably come to an end after a year.

Full time = approximately 40 hours per week

1-year commitment = they don't want you to run off as soon as they're done training you, because they'll have some time and effort invested in you and they want to make it worth it. They're not promising you a one-year job, nor are they telling you that it'll only last a year. They're trying to scare off the people who aren't really serious about working, or who only want to work for three or four months.

In most areas in the US, employment is "at will" anyway. You can quit for no reason, and they can get rid of you for no reason. Anytime.

I wouldn't be too worried about this. Find out what you can about the company, and evaluate it like you would evaluate any other job possibility.

They may also mean that if they hire you, you have to sign a contract staying you will stay with them for one year. Ask them when you get a chance. I had a job interview like that. It was to be an awake attendent at a home for troubled teens. The job started with 5 weeks paid vacation right off the bat and I must sign a contract saying I will stay with them for a year. I did not take it because I figured if they are offering 5 weeks paid vacation right off the bat, and you must sign a contact, must be stressful work and the turnover was high.

Some like that may have a bonus pay if you make it to the end of the year. It may be a program that exists on a grant that expires in one year.