The phrase "approved for payment" is correct and usable in written English.
It can be used in financial or administrative contexts to indicate that a payment has been authorized.
Example: "The invoice has been reviewed and is now approved for payment."
Alternatives: "authorized for payment" or "cleared for payment."
When requisition originators or authorized approvers upload invoices, they will see a check box noting "Invoice approved for payment" which serves as department approval.
Those checks are part of $61.4 million already approved for payment by the Securities Investors Protection Corporation, the federally chartered agency that oversees the liquidation of brokerage firms.
So far, the 125 claims that have been approved for payment add up to losses of $368 million, said Irving H. Picard, the trustee.
If the card transaction is not approved for payment, then it is declined at the point of sale; no money is transferred from your account.
More importantly, by doing so it can speed up the amount of time it takes a supplier to get paid, and enables suppliers to get short-term supplier financing based on invoices that have been approved for payment.
The drug is so inexpensive to manufacture, he said, that if just some of the prescriptions are eventually approved for payment by insurers the companies still make money.
Trade statistics show that of the 360 punitive duty cases that have been approved for payments, 46percentt were from steel companies.
GAO auditors found 10 additional cases in which subsidies were "approved for payments without any indication that even a cursory review had been conducted". Making database checks against a list of people reported as dead to the Social Security Administration "to verify that an individual receiving farm payments has not died is a simple, cost-effective method," the GAO said.
So far 543 claims have been approved for payments totaling $231 million.
(16) Review and approve for payment any voucher for $25 or less the authority for payment of which is questioned by a certifying or disbursing officer.
Using fraudulent invoices that he was in position to approve for payment, Bang routed county funds — via checks and direct deposits — to the bank accounts he controlled, federal authorities say.
