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The act of formally approving something is known as arbitration delegation. ratification. representation.
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The act of formally approving something is known as arbitration delegation. ratification. representation.

User Alexander Zhugastrov
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Generally speaking, the act of formally approving something is known as "ratification"--which was famously the case when the individual states in the US had to "ratify" the new Constitution. 
User Hamdy Abd El Fattah
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The act of formally approving something is known as
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