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Definition. An approval process initiation is a task that is designed to start the acceptance process at the contract or clause Level. When an approval process is initiated, the Approve Contract task is assigned to the approvers in the Sequence 1 and then to other sequences if they exist.
What is the meaning of initial approval?
Initial approval means the discretionary, preliminary approval by the Authority of a Collateral Support Program Request submitted to the Authority, including any conditions, contingencies or additional parameters specified by the Authority necessary for Final Approval of the Collateral Support offered and underwritten
What is the meaning of initial?
: of, relating to, or existing at the beginning : earliest. initial stages of a disease. 2. : placed or standing at the beginning : first. the initial letter of a word.
What is an approval certificate?
The certification process starts with approval of the system or equipment technical documentation, and a test programme after assessment to comply with the provisions of applicable rules and regulations. The classification Society issues the equipment certificate based on system or equipment positive test results.
What is initial approval in UAE?
Initial approval is a preliminary service required for starting a business in Dubai. Initial approval has to be obtained before applying for a trade license. Application for getting initial approval can be placed with the department of the economy before or after the reservation of trade name.
Type approval or certificate of conformity is granted to a product that meets a minimum set of regulatory, technical and safety requirements. Generally, type approval is required before a product is allowed to be sold in a particular country, so the requirements for a given product will vary around the world.
What is an initial approval certificate in Dubai?
This is your first step towards obtaining your trade licence. This helps you define your legal form, economic activities and the licence partners. You can obtain this before or after reserving your trade name.
What is the initial claim approval?
Once your insurer confirms all details, they provide an initial approval. This means that your insurer is open to reviewing your claim. Thus, it allows the hospital to move forward with the procedure without needing you to cover hospital costs upfront, aside from any non-covered charges, if applicable.
What is an initial approval?
Initial Approval The Underwriter will review your application and documents to make an initial credit decision. If the loan is initially approved, your loan Processor will let you know the conditions required to issue the loan and whether additional documents are required.
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