👉 "Initiatory" is a term used in business and finance to describe an action that initiates or starts something. It can refer to a formal process of opening a new company, starting a project, or initiating a transaction between two parties. For example: - An "initiative" is a formal request for something. - A "project initiation" is the initial stage of a project where the team begins working on the project's requirements and goals. - An "initial exchange" is a
