Authorization code,
Definition of Authorization code:
A code or password that identifies the user as authorized to complete a transaction. For example, a merchant usually receives an authorization code to confirm that a credit card purchase has been approved. This code confirms that the credit card is valid and that funds are available for the purchase.
The most common usage of authorization codes is those sent to a merchant from credit card issuers, to confirm that the customer's credit card has sufficient credit available to authorize the transaction. .
An authorization code is an alphanumeric password that authorizes its user to purchase, sell or transfer items, or to enter information into a security-protected space. An authorization code is typically a sequence of letters, numbers, or a combination of both, that validates a person's identity, approves a transaction or provides access to a secured area.
How to use Authorization code in a sentence?
- In the corporate world, staffers can be given different authorization codes for purchases and expenses that contain specific transaction thresholds.
- Authorization codes are alphanumeric passwords that authorize users to conduct various transactions.
- Although authorization codes may be permanently used over the length of an employee's tenure, they more often require routine refreshment.
Meaning of Authorization code & Authorization code Definition
