Authority

1. Law - contract - agency - treasury controls.

A general level of powers granted or delegated to an individual - or an organisation - to make decisions or conclude transactions.

2. Law - contract - agency - treasury controls.

A power or permission accorded to carry out a particular transaction.

3. Regulation - supervision - law enforcement.

A body that has regulatory, supervisory, or other responsibilities, together with the necessary powers to carry them out.

For example, a central government tax authority.

See also

• Agent
• Authorisation
• Authority limits
• Capacity
• Competition authority
• Contract
• Controls
• European Securities and Markets Authority (ESMA)
• Law
• Monetary authority
• Ostensible authority
• Payroll tax
• Regulation
• Regulator
• Rogue trader
• Supervision
• Tax
• Treasury Operations and Controls
• Ultra vires