voidingauthorizations
nounUK /ˈvɔɪdɪŋ ˌɔːθəraɪˈzeɪʃənz/
US /ˈvɔɪdɪŋ ˌɔːθərəˈzeɪʃənz/
The act of canceling permissions so they no longer work.
The bank began voidingauthorizations for cards that were reported stolen.
SYNONYMS
OTHER MEANINGS
2. The process of marking payment approvals as no longer valid.
Voidingauthorizations on the old account prevented any further charges.
3. An administrative step that cancels previously granted rights or clearances.
The security team handled the voidingauthorizations after the employee left.
4. The removal of official consent for an action or transaction.
Voidingauthorizations must be logged for the audit trail.