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Authorization hold (also card authorization, preauthorization, or preauth) is a service offered by credit and debit card providers whereby the provider puts a hold of the amount approved by the cardholder, reducing the balance of available funds until the merchant clears the transaction (also called settlement), after the transaction is completed or aborted, or because the hold expires.
Authorization is the responsibility of an authority, such as a department manager, within the application domain, but is often delegated to a custodian such as a system administrator. Authorizations are expressed as access policies in some types of "policy definition application", e.g. in the form of an access control list or a capability , or ...
An authorization bill is a type of legislation used in the United States to authorize the activities of the various agencies and programs that are part of the federal government of the United States. Authorizing such programs is one of the powers of the United States Congress. Authorizations give those things the legal power to operate and ...
The passage of a Defense Authorization Act is often used by Congress to honor a senior congress member or other individual. For example, the National Defense Authorization Act for Fiscal Year 2001 is known as the "Floyd D. Spence National Defense Authorization Act for Fiscal Year 2001" in honor of Representative Floyd D. Spence of South Carolina .
Approve loan applications or refer them to management for a decision Loan officers use a process called underwriting to assess whether applicants qualify for loans. After collecting and verifying all the required financial documents, the loan officer evaluates the information they obtain to determine the applicant's need for a loan and ability ...
In computer security, general access control includes identification, authorization, authentication, access approval, and audit.A more narrow definition of access control would cover only access approval, whereby the system makes a decision to grant or reject an access request from an already authenticated subject, based on what the subject is authorized to access.
On the other hand, accreditation is the process of accepting the residual risks associated with the continued operation of a system and granting approval to operate for a specified period of time. In IT governance, the primary reason why certification and accreditation (C&A) process is being performed on critical systems is to ensure that the ...
Maker-checker (or Maker and Checker or 4-Eyes) is one of the central principles of authorization in the information systems of financial organizations. The principle of maker and checker means that for each transaction, there must be at least two individuals necessary for its completion. While one individual may create a transaction, the other ...