BNET Business Dictionary
Business Definition for: Authorization
- the process of assessing a financial transaction, confirming that it does not raise the account's debt above its limit, and allowing the transaction to proceed. This would be undertaken, for example, by a credit card issuer. A positive authorization results in an authorization code being generated and the relevant funds being set aside. The available credit limit is reduced by the amount authorized.
Wiktionary Definition for: Authorization
- The act of authorize authorizing.
- (A document giving) formal sanction, permission or warrant.
- The power or right to give orders.
Additional Resources
- Defense Authorization Bill Passes House
- The U.S. House of Representatives passed the 2010 Defense Authorization bill. It was for a $550 billion defense budget with another $130 billion for operations in Iraq and Afghanistan. This is one of two bills that must pass each year for the Defense Department to spend money in...
- Blog posts 2009-07-02
- Intelligence Authorization Acts, United States Congress
- Intelligence Authorization Acts, United States CongressIntelligence authorization acts are annual legislative Acts of Congress whereby current intelligence issues are addressed and appropriations made for intelligence activities in the coming year. These date to 1979, although the first true intelligence authorization act was signed by President Ronald Reagan in 1981. The...
- Research articles 2004-01-01
- Molex Directors Renew Stock Repurchase Authorization
- Lisle, Ill.--BUSINESS WIRE--August 8, 1995--Molex Incorporated (NASDAQ:MOLX and MOLXA), a global electronic components company, today announced that its Board of Directors has renewed its authorization to permit certain stock purchases by the Company. The authorization allows the purchase of the Company's outstanding Common Stock MOLX and/or Class A Common...
- Research articles 1995-08-08
- DASCOM Sponsors Fast-tracked Authorization Standard at The Open Group; Proposed API Standard Based On Technology Shipping In DASCOM's IntraVerse
- SANTA CRUZ, Calif.--BUSINESS WIRE--March 22, 1999--DASCOM, The Authorization Authoritytm, today reinforced its commitment to standards by sponsoring the adoption of the Authorization Service API standard through The Open Group Fast Track. The standards process will address the pressing need for generic authorization services in enterprise applications.
- Research articles 1999-03-22
- HP Links Discriminating User Access to Secure Web Environment; Authorization Server/VirtualVault Integration Enables New Strategic Business Applications
- PALO ALTO, Calif.--BUSINESS WIRE--Oct. 19, 1998-- Hewlett-Packard Company today announced a new release of its Praesidium Authorization Server, the industry's most comprehensive access-control system. Authorization Server 3.1 now integrates with the HP VirtualVault 3.1 secure Web server platform, allowing businesses to safely provide finely controlled Internet-based access to mission-critical applications....
- Research articles 1998-10-19
- Others share TCI authorization fears. (Tele-Communications Inc.'s authorization center for compressed satellite signals)
- Some programming executives share Viacom Inc.'s concern over Tele-Communications Inc.'s authorization center for compressed satellite signals, but cautioned that the picture may not be as harsh as the one Viacom paints. An obscure cog in the Some...
- Research articles 1993-10-04
- Arch Capital Group Ltd. Announces Additional $500 Million Share Repurchase Authorization
- HAMILTON, Bermuda -- Arch Capital Group Ltd. (NASDAQ: ACGL) today announced that its Board of Directors authorized the Company to invest up to an additional $500 million in the Company's common shares. This authorization is in addition to the approximately $170 million remaining under the Board's previous $1 billion share...
- Research articles 2008-05-12
- The Commerce Group, Inc. Directors Increase Stock Buyback Authorization and Approve Regular Quarterly Dividend
- WEBSTER, Mass. -- The Commerce Group, Inc. (NYSE:CGI) Board of Directors voted today to increase the authorization to repurchase stock to a total of 5.0 million shares. Prior to this vote, the Company's available stock buyback authorization was approximately 2.1 million shares. Since November 16, 2006, the date of the...
- Research articles 2007-05-18
- IHOP Corp. Increases Share Repurchase Authorization to a Total of 5.2 Million Shares
- GLENDALE, Calif. -- IHOP Corp. (NYSE:IHP) today announced that its Board of Directors has approved a 600,000 share increase in the Company's share repurchase authorization, bringing the total authorization to 5.2 million shares. Since the inception of its share repurchase program in January 2003, IHOP has repurchased approximately 4.3 million...
- Research articles 2006-05-05
- House and Senate defense authorization acts go to the floor of Congress for action
- House and Senate Defense Authorization Acts Go to the Floor of Congress for Action The U.S. House and Senate defense authorization committees have completed their fiscal year 1998 (FY 98) defense budget deliberations and have produced two bills for consideration on the House and Senate floor. The defense authorization committees,...
- Research articles 1997-07-01
- 2002 Defense Authorization Timeline.(Brief Article)
- March-April 2001 Subcommittees receive testimony of President's budget and program funding requests. May 2001 Subcommittee consideration and approval of Defense Department Authorization Act. May 2001 Full Committee approval of Defense Department Authorization Act....
- Research articles 2001-03-01
- Castle Energy Corporation Increases Stock Repurchase Authorization
- RADNOR, Pa.--BUSINESS WIRE--September 3, 1999-- Castle Energy Corporation1 (Nasdaq:CECX) (the "Company") announced that its Board of Directors had increased the Company's common share repurchase authorization by 500,000 shares, resulting in a common share repurchase authorization of 4,750,000 common shares. The previous authorization was 4,250,000 common shares. Mr....
- Research articles 1999-09-03
- Russell Corporation Announces Authorization to Repurchase 5 Million Common Shares and Declares Regular Quarterly Dividend
- ATLANTA--BUSINESS WIRE--Dec. 9, 1999-- The Board of Directors of Russell Corporation (NYSE:RML) today announced an increase in the authorization to repurchase the Company's outstanding common stock in open market transactions. The new authorization level is 5,000,000 shares, or approximately 15 percent (15%) of current shares outstanding, and represents an...
- Research articles 1999-12-09
- The National Oilheat Research Alliance (NORA) was continuing to seek congressional re-authorization as of this writing.(News & Updates)(Brief article)
- The National Oilheat Research Alliance NORA was continuing to seek congressional re-authorization as of this writing. The current re-authorization extends to 2010. "What we are seeking as an industry is to once again re-authorize it for a much longer time, hopefully permanently" John Huber, president of...
- Research articles 2008-10-01
- Policy Based Dynamic Negotiation For Grid Services Authorization
- Policy-based dynamic negotiations allow more flexible authorization in complex Grid environments, and relieve both users and administrators from up front negotiations and registrations. This paper describes how such negotiations overcome current Grid authorization limitations, and how policy-based negotiation mechanisms can be easily integrated into a Grid infrastructure. Such an extension...
- White papers 2005-09-30
- Special Power Of Attorney For Medical Authorization
- Special Power of Attorney for Medical Authorization allows you to designate a person (an "Agent") who will have the authority to make health care decisions on your behalf if you are unconscious, mentally incompetent, or otherwise unable to make such decisions. This is a template which can be used to...
- Tools & templates 2007-12-01
- IHOP Corp. Increases Share Repurchase Authorization
- GLENDALE, Calif. -- IHOP Corp. (NYSE:IHP) today announced that its Board of Directors has approved a 1 million share increase in the Company's total share repurchase authorization. Since the inception of its share repurchase program in January 2003, IHOP has repurchased 2.1 million shares out of a total previous authorization...
- Research articles 2004-12-13
- Paymentech develops partial debit authorization.(Fuels & Fueling)(Brief Article)
- A new payment-processing technology custom-designed for pay-at-the-pump customers is making it possible to pay for gasoline even when cash supplies are low. Partial debit authorization, a new feature developed by Dallas-based processor Paymentech, au A new payment-processing technology custom-designed for pay-at-the-pump customers is making it...
- Research articles 2004-02-01
- The Bear Stearns Companies Inc. Replenishes Total Share Repurchase Authorization to $1.0 Billion
- NEW YORK -- The Bear Stearns Companies Inc. (NYSE: BSC) today announced that the Board of Directors of the company approved an amendment to its share repurchase program to allow the company to purchase up to $1.0 billion in aggregate cost of common stock. The amendment supercedes the previous authorization...
- Research articles 2005-01-05
- 1-800-FLOWERS.COM® Board of Directors Increases Stock Repurchase Authorization to $20 Million
- WESTBURY, N.Y. -- 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS), the leading florist and retailer of thoughtful gifts for all occasions, today announced that its Board of Directors has approved a doubling of the Company's existing stock repurchase authorization, increasing it to $20 million. The Company reported that, through the end of June, it...
- Research articles 2005-06-30
