Authorized Payment
/ˈɔːθəˌraɪzd ˈpeɪmənt/
Definitions
- (n.) A payment approved or permitted by an authority or contract, fulfilling legal or contractual obligations.
The company made an authorized payment to the contractor as stipulated in the service agreement.
Forms
- authorized payment
- authorized payments
Related terms
See also
Commentary
Commonly used in contexts involving contracts, banking, and regulatory compliance where formal approval is necessary before funds are disbursed.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.