What is Autarky? Autarky refers to a nation that operates in a state of self-reliance. Nations that follow a policy of autarky are characterized by self-sufficiency and limited trade with global partners. The definition of autarky comes from the Greek—autos, meaning “self” and arkein, meaning “to ward off” and “to be strong enough, to suffice.” A
What Is Autex? The term Autex refers to an electronic platform from Thomson Reuters that gives brokers a place to advertise pre- or post-trade liquidities for equities to their buy-side clients. As a result, buyers or sellers of a large block of shares are able to identify other large traders on the bid and ask
What Is an Authorization Code? 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
What Is the Authorization Date? The authorization date is the date at which a credit or debit card transaction is approved by the credit card issuer. The authorization date is one of the critical stages in the process of authorizing and rendering electronic payments. Key Takeaways The authorization date is the date at which a
What Is Authorization Only? Authorization only is a type of payment card transaction that holds funds from a cardholder’s account for settlement at a later date. When an individual makes a purchase with a credit or debit card, the institution from which the purchase is made has to seek authorization to process the transaction from the issuer
What Is an Authorized Investment? An authorized investment is one that is made by a trustee–or fiduciary–that follows the written instructions in a trust. Many trust documents specifically exclude certain speculative investments, in order to ensure that trust funds are managed conservatively. In the past, some states limited the types of investments that a trust
What Is an Authorized Participant? An authorized participant is an organization that has the right to create and redeem shares of an exchange traded fund (ETF). They provide a large portion of the liquidity in the ETF market by obtaining the underlying assets required to create the shares of an ETF. When there is a
What Is Authorized Share Capital? Authorized share capital is the number of stock units (shares) that a company can issue as stated in its memorandum of association or its articles of incorporation. Authorized share capital is often not fully used by management in order to leave room for future issuance of additional stock in case
What is Authorized Stock? Authorized stock, or authorized shares, refers to the maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation in the U.S., or in the company’s charter in other parts of the world. It is also usually listed in the capital accounts section
What Is an Authorized Transaction? An authorized transaction is a debit or credit card purchase for which the merchant has received approval from the bank that issued the customer’s payment card. Key Takeaways An authorized transaction is a debit or credit card purchase for which the merchant has received approval from the bank that issued
