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loan approval vs authorization

authorization vs loan approval

loan approval and authorization both are nouns.

Word NounAdjectiveVerbAdverb
loan approval Yes No No No
authorization Yes No No No
As nouns, authorization is a hypernym of loan approval; that is, authorization is a word with a broader meaning than loan approval:
  • loan approval: formal authorization to get a loan (usually from a bank)
  • authorization: the act of conferring legality or sanction or formal warrant
Other hypernyms of loan approval include authorisation, empowerment.
loan approval (noun) authorization (noun)
formal authorization to get a loan (usually from a bank) the act of conferring legality or sanction or formal warrant
the power or right to give orders or make decisions
official permission or approval
a document giving an official instruction or command
Difference between loan approval and authorization

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