Business, Legal & Accounting Glossary
A formal request for funds to start a project. An appropriation request is often used for capital investment projects, which generally have a high upfront cost but can show a positive return in a later time period. The request allows the appropriate management personnel to review the project. For example, the manufacturing division of a large corporation may send an appropriate request for new machinery to the home office for review.
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This glossary post was last updated: 20th November, 2021 | 0 Views.