Financial Authorization
/ˌfaɪ.næn.ʃəl ˌɔː.θər.ɪˈzeɪ.ʃən/
Definitions
- (n.) The legal approval or permission granted by an authorized entity to incur financial obligations or expenditures.
The project cannot proceed without financial authorization from the board.
- (n.) A formal process within organizations or governments enabling allocation and disbursement of funds in accordance with laws or policies.
Financial authorization ensures that public funds are used lawfully and efficiently.
Forms
- financial authorization
Related terms
See also
Commentary
Financial authorization often requires compliance with statutory limits and internal controls; precise documentation is critical to avoid unauthorized spending.
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.