Funding Authorization
/ˈfʌndɪŋ ˌɔːθəraɪˈzeɪʃən/
Definitions
- (n.) Official approval or legal authority to allocate and disburse financial resources for a particular purpose or project.
The committee granted funding authorization for the new infrastructure project.
Forms
- funding authorization
- funding authorizations
Related terms
Commentary
Often a prerequisite in public and private sector finance, ensuring that funds are legally allocated before 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.