I have a handful of PSA Authentic cards. I believe that they put descriptors on the "deceptively" altered cards--trimmed, recolored, restored--and just "authentic" on the other altered cards. I have a few hand cut cards, cards with paper loss from scrapbooks, etc. that do not have any descriptor. That's just my guess on their method, and I very well may be wrong.
Although you did not ask about SGC, I can say for certain that I have at least one deceptively trimmed card that resides in an authentic holder without any denotation that it is trimmed.
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