Duly Authorized Person . Means any individual authorized by the Borrower to request loans or financial accommodations and/or sign reports to Lender.
What is a duly authorized representative of a company?
Duly authorized representative (DAR means a representative of a responsible official who, in accordance with corporate by-laws or policy, can legally bind the business entity and is to be held responsible for actions, standards, requirements, and prohibitions under state and federal asbestos control regulations.
Who is an Authorized person explain?
"Authorised Person" (AP) means any person – Individual, partnership firm, LLP or body corporate – who is appointed as such by a stock broker (including trading member) and who provides access to trading platform of a stock exchange as an agent of the stock broker.