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.
Types of Contracts. Many types of documents and legal forms may be executed to ensure they become effective and binding. The most common documents that require execution include contracts between two or more parties, such as lease agreements, contracts for services, and sales contracts.efinition of Execute. Noun. 1  To complete, and give effect or validity to, a legal document, decree, law, or judicial sentence. 2  Fulfilling legal requirements of a contract or other instrument by signing or sealing.