corporate resolution

Definition

A legally binding action or decision made by a company and approved by its board of directors. One example of a corporate resolution is a statement specifying which officers and employees can act on the company's behalf.

Use this term in a sentence

You should try to make sure that you are in full agreement before you go ahead and sign any corporate resolution.

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The corporate resolution was set in stone and adhered to strictly as it clearly laid out the terms of the agreement.

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