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.
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.
NEW YORK -- JPMorgan Chase & Co. (NYSE: JPM) today announced that its Board of Directors has authorized the repurchase of up to $8 billion of the firm's common shares. The new authorization commences today and replaces the Company's previous repurchase authorization.
SEATTLE -- Starbucks Corporation (NASDAQ:SBUX) today announced that its Board of Directors has authorized the repurchase of up to 25 million shares of the Company's common stock. This authorization is in addition to the 3.4 million shares that remain available for repurchase under a previous 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...
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...
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...
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...
TAMPA, Fla. -- Kforce Inc. (NASDAQ:KFRC), a professional staffing firm, today announced that its board of directors has approved an authorization to repurchase an additional $20 million of its common stock. Under Kforce's previous $115 million authorization, it has repurchased approximately $114.1 million of Kforce common stock and therefore has...
NEW YORK -- MetLife, Inc. (NYSE: MET) announced today that its board of directors has authorized an additional $1 billion in common stock repurchases. The company can repurchase stock under this authorization after the completion of an earlier $1 billion authorization that was announced on January 15, 2008 and of...
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....
EAST HILLS, N.Y.--BUSINESS WIRE--October 29,1996--The Board of Directors of Pall Corporation has withdrawn its authorization for the balance of the expenditure of up to $40 million to buy back the Company's own shares. Pall had already spent $10 million of this authorization. The Board had announced approval of...
Cadence Design Systems, Inc. (NASDAQ: CDNS) today announced that its Board of Directors has approved an authorization to repurchase up to $500 million of its common stock, effective immediately. This is in addition to the approximately $153 million remaining from Cadence's previous stock repurchase authorization.
NEW YORK -- MetLife, Inc. (NYSE: MET) announced today that its board of directors has authorized an additional $1 billion in common stock repurchases. The company can repurchase stock under this authorization after the completion of an earlier $1 billion authorization that was announced on September 25, 2007 and of...
Customers ordered product is not available, and you need authorization for deliver of substitute of the product. Here is a template that will surely help you in it.
INDIANAPOLIS -- Republic Airways Holdings Inc. (Nasdaq:RJET) today reported that its Republic Airlines subsidiary has received authorization from the U.S. Department of Transportation to engage in air transportation using the Embraer 170 aircraft as a member of the United Express family under a code share agreement with United Airlines. This...
SAN JOSE, Calif. -- Cadence Design Systems, Inc. (NASDAQ:CDNS) today announced that its Board of Directors approved on Feb. 8 an authorization to repurchase up to $500 million of its common stock, effective immediately. This is in addition to the approximately $3.9 million remaining from Cadence's previous stock repurchase authorization....
JACKSONVILLE, Fla. -- The St. Joe Company (NYSE:JOE) today announced that the company's board of directors has authorized an additional $150 million stock repurchase authorization. The company's current authorization is nearly depleted.
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