Approval

(redirected from approve)
Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Idioms, Encyclopedia, Wikipedia.

Approval

An acceptance of an application. For example, an insurance company may give approval to an application for a policy, and a bank may do the same for a loan application.

Approval

Acceptance of the borrower's loan application.

Approval means that the borrower meets the lender's Qualification Requirements and also its Underwriting Requirements. In some cases, especially where approval is provided quickly as with Automated Underwriting systems, the approval may be conditional on further verification of information provided by the borrower.

References in periodicals archive ?
APPROVe was designed to evaluate the efficacy of rofecoxib 25 mg in preventing recurrence of colorectal polyps in patients with a history of colorectal adenomas.
Among the 2,587 patients enrolled in the APPROVe study, confirmed thrombotic cardiovascular event data for the period beginning on day 15 after discontinuation of study therapy were available for 2,178.
The APPROVe off-drug extension provided additional data to what had been obtained in the base study.
Among the 2,587 patients enrolled in the APPROVe study there were 1857 patients who completed the on-drug base study.
CNN/USA Today/Gallup - Strongly approve, 22 percent; moderately approve, 18 percent; moderately disapprove, 24 percent; strongly disapprove, 35 percent.
The council's pay will jump to to $107,390 if the state Judicial Council on April 24 approves a pay hike for judges as expected.
To approve an amendment to the Company's Articles of Association, which is required in order to comply with recent changes to the Israeli Companies Law.
To approve conforming amendments to the indemnification undertakings of the Company towards its directors.
The FDA approves the chemotherapy agent doxorubicin liposome injection (Doxil) for the treatment of Kaposi's sarcoma (KS) in patients with AIDS whose disease has progressed on prior chemotherapy or in patients who cannot tolerate these other chemotherapy agents.
The FDA approves the PIs ritonavir (Norvir) and indinavir (Crixivan).
The FDA approves the viral load test, a new diagnostic test that measures the level of HIV in the blood.
The FDA approves the NNRTI delavirdine (Rescriptor).