authorization

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Authorization

The granting of access to a document or the ability to conduct an activity. Authorization may be limited to a certain transaction or time period, or it may be unlimited. For example, a potential home buyer may grant a lender authorization to view his/her credit reports.

authorization

the granting of permission by a senior manager to a subordinate to undertake a particular task. For example, the chief executive could empower his purchasing officer to buy raw materials and authorize his production manager to buy machinery. The authorization process attempts to make sure that subordinates know the extent of their DELEGATED AUTHORITY.
References in periodicals archive ?
Trustee Credit Savings Bank (clone of authorised firm) is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm.
London: Fraudsters like Independence Loans (clone of authorised firm) are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm.
Moreover, the AGM authorised the Board of Directors to buy back and convey own shares.