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
Mandate
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| - | Authorization or instruction to proceed with an undertaking or to take a course of action. A borrower, for example, might instruct the [[Lead Manager|lead manager]] of a loan or [[Bond|bond]] to proceed with the issue on the terms agreed.
| + | Authorisation or instruction to proceed with an undertaking or to take a course of action. A borrower, for example, might instruct the [[Lead Manager|lead manager]] of a [[Bond|bond]] issue to proceed 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. | + | Or a pension fund's trustees might grant a mandate to external managers to manage the fund. The mandate is likely to include the investment policy the fund should follow. |
Current revision
Authorisation 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 bond issue to proceed on the terms agreed.
Or a pension fund's trustees might grant a mandate to external managers to manage the fund. The mandate is likely to include the investment policy the fund should follow.