A borrower's loan application acceptance, meaning that the borrower meets both qualification and underwriting requirements set forth by the lender. If approval is given via an automated underwriting system, the borrower may have to verify certain information before their application can be approved.

Use approval in a sentence

Now, with the approval of the manager, Jen could meet with the project director to discuss the next steps of the business merger.

​ Was this Helpful? YES  NO 2 people found this helpful.

I did not think I would gain the approval of my friends because I was wearing a really long shirt and they all had short ones on.

​ Was this Helpful? YES  NO 7 people found this helpful.

Erica immediately contacted her realtor when she received the phone call from the lending company regarding her approval on a small business loan.

​ Was this Helpful? YES  NO 8 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
split investment committee