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
(Difference between revisions)
Revision as of 21:26, 18 November 2008
Authorization or instruction to proceed with an undertaking or to take a course of action. A borrower, for example, might instruct the lead manager of a loan or bond to proceed with the issue on the terms agreed.
Or a pension fund's trustees might mandate external managers to manage the fund. The mandate is likely to include the investment policy the fund should follow.