approval - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “approval”

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approval

noun [U]
 
 
/əˈpruːvəl/
official permission or agreement for something: get/secure/win approval They want to raise rates, but it will be difficult to secure approval.gain/receive approval The new strategy has yet to receive approval from the board. give (your) approval The IMF is unlikely to give its approval.approval of sth Approval of the loan came after several hours of discussion by the executive board.approval for sth Recent management upheaval and delayed approval for key products have damaged the company.approval from sb The Hong Kong-based businessman needed 75% approval from minority shareholders for his proposed scheme.final/preliminary approval The measure still needs final approval.
on approval COMMERCE if you buy something on approval, you can return it without payment if it is not satisfactory: You can have the goods on approval for 28 days.
(Definition of approval from the Cambridge Business English Dictionary © Cambridge University Press)
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