A document that indicates a certain individual is able to conduct business on behalf of a company or person. It can confirm their title or authority, and will often dictate their specific responsibilities, or set a monetary value on the total amount they’re authorized to spend on a designated transaction.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser