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| au·thor·i·za·tion [ àwthəri záysh'n ] (plural au·thor·i·za·tions) |
noun |
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| Definition: |
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1. permission: official power or permission to do something
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2. document giving permission: a letter or document that confirms that somebody has permission to do something or be somewhere
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3. e-commerce approval for electronic financial transaction: the approval from a financial institution, via a computer network, for an electronic transaction such as the purchase of goods with a credit card
(
used in e-commerce
)
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4. e-commerce transaction risk assessment: the process of assessing the degree of risk involved in an e-commerce transaction in terms of a customer's debt limits and available credit
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