An acknowledgment in law is a declaration by the person who has signed a document that their signature is a voluntary act made before a duly authorized person, such as a notary public.
Ratification refers to the official approval or confirmation by a person or entity of a previous contract or act, which would not be legally binding without such approval. It often occurs in situations where the initial agreement was not properly authorized or where further consent is essential for the agreement's enforceability.
A release can signify different forms of authorization or versioning across various fields such as general permissions, real estate, and computing software updates.
Segregation of duties (SoD) is an internal control concept designed to prevent error and fraud by ensuring that no single individual has control over all aspects of a critical transaction or operation.
