Approval limit
The written ceiling up to which a system may approve or act on its own; anything above it goes to a named person.
Category
What keeps it honest
Related terms
An approval limit is the written ceiling, set in amount, count, or case type, up to which a system may approve or act through the institution's own engine; anything above it goes to a named person.
Who sets it
The institution sets it in its own policy, and the authority that grants the limit is the one that changes it. The agent's harness reads the limit as configuration; the agent never sets, raises, or widens it, and never holds credit authority itself. In credit it is the authority limit, and it sits with the bank's decision engine and credit authority, not with the agent.
What it looks like in practice
A maximum amount per account, a maximum count per run, a cap on the share of a book one run may touch, and a list of the case types that may be handled automatically at all. When any cap is reached, the work stops and queues for a person. The behavioral score and limit management use case shows limits of this kind on every pre-authorized action.
Often confused with
How it differs from similar terms.
| approval limit | Compared with | What's different |
|---|---|---|
| Approval limit | Credit limit | A credit limit is what the customer may borrow. An approval limit is how far a system may decide or act without a person. |
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