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    Financial Dictionary

    Dictionary Home The Language of Money - Edna Carew
    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



    Ostensible authority

    An elementary legal concept that authority is implied, though a lawyer would point out the subtle distinction between ostensible and implied authority. Ostensible authority is the basis for most dealings in financial markets. Two people putting together a transaction each rely on the other's ostensible or apparent authority to deal on behalf of his or her company.

    Important notice