Positive authorization is a stricter form of credit approval than negative authorization. Positive authorization can reject a customer who has merely temporarily exceeded his limit. Negative authorization rejects only those who are genuinely delinquent cardholders.
Investment dictionary. Academic. 2012.
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authorization — Fin the process of assessing a financial transaction, confirming that it does not raise the account’s debt above its limit, and allowing the transaction to proceed. This would be undertaken, for example, by a credit card issuer. A positive… … The ultimate business dictionary
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