Authorization Code

Authorization Code
A generic term that refers to a code or password that identifies the user as authorized to purchase, sell or transfer items, or to enter information into a security-protected space. For example, an authorization code would be required for a vendor to process a credit card transaction on behalf of a customer paying for goods.

Authorization codes are used for any transaction or entry that has restrictions on which users are entitled to access. For example, only certain individuals will have the authority to approve major expenses, and will probably have an authorization code in the company's records or on a case-by-case basis to complete any approval.

An authorization code is commonly attached to credit card transactions, not only to signal a merchant that the transaction is approved, but also to help identify the transaction in follow-up examinations, such as disputed transactions.


Investment dictionary. . 2012.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • authorization code — UK US noun [C] ► BANKING, COMMERCE a set of numbers, or letters and numbers, usually sent as an electronic message from a bank, which shows that a customer s payment by credit card was officially approved: »If an approval is given with an… …   Financial and business terms

  • authorization code —    An identification number that the caller enters for billing purposes when placing a call …   IT glossary of terms, acronyms and abbreviations

  • One-time authorization code — as used in the yammer s desktop client One time authorization code (OTAC) allows desktop clients for web applications to securely authenticate to the web application. The web application generates a unique code (pin) that the user can input into… …   Wikipedia

  • code — [kəʊd ǁ koʊd] noun 1. [countable] LAW a complete set of written rules or laws: • Each state in the US has a different criminal and civil code. ˈbuilding code [countable] LAW a set of rules that states what features a new building, bridge etc… …   Financial and business terms

  • Code of Personal Status (Tunisia) — The Code of Personal Status (CPS) (Arabic: مجلة الأحوال الشخصية‎) is a series of progressive Tunisian laws aiming at the institution of equality between women and men in a number of areas. It was promulgated by beylical decree on August 13, 1956… …   Wikipedia

  • Code 10 — calls are made when merchants are suspicious about accepting a credit card. The phrase Code 10 authorization is used to avoid alerting the customer to the fact that the merchant is suspicious of their card. The operator then asks the merchant a… …   Wikipedia

  • Authorization for Use of Military Force Against Terrorists — The Authorization for Use of Military Force Against Terrorists (USStatute|107|40|115|224|2001|09|18), one of two resolutions commonly known as AUMF (the other being Authorization for Use of Military Force Against Iraq Resolution of 2002 ), was a… …   Wikipedia

  • Migration Authorisation Code — This article is about the broadband transfer code. For the networking identifier, see MAC address. In the United Kingdom a Migration Authorization Code (MAC) is a 17 to 19 character unique identifier code used by DSL customers when they wish to… …   Wikipedia

  • Marketing authorization — Process of reviewing and assessing the dossier to support a medicinal product in view of its marketing (also called licensing, registration, approval, etc.), obviously finalized by granting of a document also called marketing authorization… …   Wikipedia

  • Chapter 9, Title 11, United States Code — Bankruptcy in the United States Bankruptcy in the United States Authority · History U.S. Trustee Court  …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”