Home
E-Mail
Latest

Power Of Attorney Financial Glossary

What is it? An authority by which one person (principal) enables another (attorney in fact) to act for him/her. (1) General power - authorizes sale, mortgaging, etc. of all property of the principal. Invalid in some jurisdictions. (2) Special power - specifies property, buyers, price and terms. How specific it must be varies in each state.

Finance Term Definition Added By: Samantha

The Power Of Attorney definition has been viewed 1920 Time(s)!




Send To Friends!

If you'd like to send the Power Of Attorney definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -





We hope you now understand the meaning of Power Of Attorney. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Balloon Mortgage is A mortgage that typically offers low rates for an initial period of time (usually 5, 7, or 10) years; after that time period elapses, the balance is due or is refinanced by the borrower.

Financial Term opportunity cost is The cost of pursuing one course of action measured in terms of the foregone return that could have been earned on an alternative course of action that was not undertaken.

Financial Term Capital is When investing, this is your original investment. When borrowing, this is the amount of debt, excluding interest.

Financial Term Billing Error is Any mistake in your monthly statement as defined by the Fair Credit Billing Act.

Financial Term Consumer Price Index is A monthly cost of living index prepared by the U.S. Governments Bureau of Labor Statistics