management,
direction the act of managing something; "he was given overall management of the program"; "is the direction of the economy a function of government?"
sanction a mechanism of social control for enforcing a society's standards
loan approval formal authorization to get a loan (usually from a bank)
authorization -
the power or right to give orders or make decisions; "he has the authority to issue warrants"; "deputies are given authorization to make arrests"; "a place of potency in the state"
authorization -
Permission, possibly limited, to spend funds for a specific budgetary purpose.
Wikipedia
Authorization (also spelt Authorisation) is the function of specifying access rights to resources, which is related to information security and computer security in general and to access control in particular. More formally, "to authorize" is to define access policy. For example, human resources staff are normally authorized to access employee records, and this policy is usually formalized as access control rules in a computer system.