difference between "authorization" and "honor"

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[Integration feature] -> [PayPal Checkout] -> [Authorize and Capture Funds]

What is the exact difference between "authorization" and "honor"?

I understand that PayPal honors 100% of authorized funds during three days.

If the three-day period is end, is there any possible for me that can't get money?

->If yes, what "authorization" means?

I'm looking this site.

Thanks.

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