They are tests to confirm that your payment card account is active and has the funds available to complete your transactions. Authorization holds are removed by your financial institution shortly after your purchase clears. The time it takes to remove authorization requests varies by financial institution.
These are to be found primarily in the contract documents. The term contract documents is uniformly used in all AIA standard form agreements to designate the group of documents that comprise the construction contract between the owner and contractor. The terms contract documents and contract may be used interchangeably.
Asset Purchase Agreement (APA) An asset purchase agreement (APA) is a definitive agreement that finalizes all terms and conditions related to the purchase and sale of a company's assets. It is different from a stock purchase agreement (SPA) where company shares, including title to the assets and liabilities, are being bought/sold. An APA covers the following sections: Interpretation: Provides the definitions for all major terms used in the overall body of the agreement.