Just call us Bond. Amortized bond.
Over 700 finance terms, Shmooped to perfection.
When a company's board of directors decides to make a specific corporate action.
They decide to launch a new product? It's an authorizing resolution. They decide to appoint a new position? Authorizing resolution. They decide to throw a parade with glitter and floats? It might raise an eyebrow or two, but it's still an authorizing resolution.