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grant of authority

   Also found in: Acronyms 0.01 sec.
See: patent


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However, absent a congressional grant of authority, such a decision could be challenged in court, with uncertain results.
``Under such a grant of authority, funding may be refused because of the artist's political or social message or because the art or artist is too controversial,'' said the opinion by Judge James Browning.
OMI Corporation (NYSE:OMM) of Stamford, Connecticut announced today that as of the close of business October 10, 2004 it had acquired 3,380,000 shares of its common stock since its announcement of the most recent grant of authority by its board of directors on September 12, 2005, at prices ranging from $17.
 
 
 
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