Authorization Code

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Dictionary Says

Definition of '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.
Investopedia Says

Investopedia explains 'Authorization Code'

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.
Search results for

'Authorization Code'

  • Credit Cards: What Are Credit Cards? | Investopedia

    http://www.investopedia.com/university/credit-cards/credit-cards2.asp
    ... can take place several ways but, generally, once it is read a request is sent for
    the authorization of the ... The issuing bank creates an approval or denial code. ...

  • Trading Systems Coding: Introduction | Investopedia

    http://www.investopedia.com/university/systemcoding/
    ... third parts of this process, where your rules are converted into a code that your ...
    such features; you may also have to complete an additional authorization form ...

  • Trading Systems Coding: Introduction | Investopedia

    http://www.investopedia.com/university/systemcoding/default.asp
    ... third parts of this process, where your rules are converted into a code that your ...
    such features; you may also have to complete an additional authorization form ...

  • Series 26 Study Guide - Mutual Fund Accounts - Types of Account ...

    http://www.investopedia.com/exam-guide/series-26/mutual-fund-accounts/types-account-agents.asp
    ... Power of Attorney To allow a person not named on an account to have trading authority,
    the customer must file written authorization with the broker-dealer that ...

  • Series 6 Study Guide - Customer Accounts - A Closer Look at ...

    http://www.investopedia.com/exam-guide/finra-series-6/customer-accounts/custodial-accounts.asp
    ... Power of Attorney To allow a person not named on an account to have trading authority,
    the customer must file written authorization with the broker-dealer that ...

  • Series 6 Study Guide - Customer Accounts - FINRA Rules ...

    http://www.investopedia.com/exam-guide/finra-series-6/customer-accounts/finra-rules.asp
    ... by members of the representative's family or to registered investment advisers who
    receive written authorization from an ... Next: Code of Arbitration Procedure ...

  • Series 26 Study Guide - Sales Activities - FINRA Conduct Rule 2310 ...

    http://www.investopedia.com/exam-guide/series-26/sales/finra-conduct-rule-2310-2330-2510.asp
    ... exceptions apply to accounts owned by members of the representative's family or
    to registered investment advisers who receive written authorization from an ...

  • Business Owners: A Guide To Qualified Retirement Plan Loans

    http://www.investopedia.com/articles/retirement/03/071603.asp
    ... Loan Guidelines Generally, the Internal Revenue Code (IRC) prohibits loans ... the employer
    should obtain the employee's written authorization allowing paycheck ...

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