1. A person, organization, or entity that has been formally authorized or sanctioned to perform specific actions, enter into agreements, or represent another party in legal, business, or contractual matters
Only an approved party can sign contracts on behalf of the company.
Apenas uma parte aprovada pode assinar contratos em nome da empresa.
2. In legal and commercial contexts, an entity that meets specified criteria and has received official authorization to conduct transactions or operations
The bank will only transfer funds to an approved party.
O banco só transferirá fundos para uma parte aprovada.