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.
An agreement between two or more competent parties in which an offer is made and accepted, and each party benefits. The agreement can be formal, informal, written, oral or just plain understood. Some contracts are required to be in writing in order to be enforced.(2) An agreement between two or more parties which creates obligations to do or not do the specific things that are the subject of that agreement.Examples of a contract are a lease, a promissory note, or a rental agreement.ome contracts are required to be in writing in order to be enforced. (2) An agreement between two or more parties which creates obligations to do or not do the specific things that are the subject of that agreement. Examples of a contract are a lease, a promissory note, or a rental agreement.