power of attorney

power to act on behalf of another person for specified purposes. Glossary of Business Terms
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An agreement establishing an agent-principal relationship. The "power of attorney" grants the agent authority to act on the principal's behalf under certain designated circumstances. In the futures industry, a power of attorney must be in writing and is valid until revoked or terminated. The CENTER ONLINE Futures Glossary
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A written authorization allowing a person to perform certain acts on behalf of another, such as moving of assets between accounts or trading for a person's benefit. Bloomberg Financial Dictionary
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( POA) Euroclear Clearing and Settlement glossary
Written document that authorises a particular person to perform certain acts on behalf of the one signing the document. Euroclear Clearing and Settlement glossary
See proxy. Euroclear Clearing and Settlement glossary

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power of attorney ˌpower of atˈtorney abbreviation POA noun powers of attorney PLURALFORM LAW
1. [uncountable] legal permission to act for another person, for example because they are too ill to do something themselves:

• Laws governing power of attorney can vary significantly from state to state.

2. [countable] a document giving someone this permission:

• A power of attorney is never a substitute for a will.

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power of attorney UK US noun LAW
[U] the legal right to make financial or business decisions for someone else, especially because they are old or too ill to deal with things themselves: »

He has power of attorney over his father's affairs.

assign/give/grant sb power of attorney »

She persuaded him to change his will to grant her power of attorney.

[C] (plural powers of attorney) a legal document that gives someone the right to make financial or business decisions for someone else: »

A durable power of attorney enables a person to handle your finances if you become incapacitated.


Financial and business terms. 2012.

Look at other dictionaries:

  • power of attorney — power of attorney: an instrument containing an authorization for one to act as the agent of the principal that terminates esp. upon revocation by the principal or death of the principal or agent – called also letter of attorney; du·ra·ble power… …   Law dictionary

  • Power of attorney — Power Pow er, n. [OE. pouer, poer, OF. poeir, pooir, F. pouvoir, n. & v., fr. LL. potere, for L. posse, potesse, to be able, to have power. See {Possible}, {Potent}, and cf. {Posse comitatus}.] 1. Ability to act, regarded as latent or inherent;… …   The Collaborative International Dictionary of English

  • power of attorney — An instrument authorizing another to act as one s agent or attorney. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

  • power of attorney — n. a written statement legally authorizing a person to act for another …   English World dictionary

  • Power of attorney — For the television program, see Power of Attorney (TV show). A power of attorney (POA) or letter of attorney is a written authorization to represent or act on another s behalf in private affairs, business, or some other legal matter. The person… …   Wikipedia

  • Power of Attorney — Filmdaten Deutscher Titel: Die Macht der Gewalt Originaltitel: Power of Attorney Produktionsland: USA Erscheinungsjahr: 1995 Länge: 90 Minuten Originalsprache: Englisch …   Deutsch Wikipedia

  • power of attorney — A written instrument, known as a power of attorney, letter of attorney, or warrant of attorney, People v Smith, 112 Mich 192, 70 NW 466, by which one person, as principal, appoints another as his agent and confers upon him the authority to… …   Ballentine's law dictionary

  • power of attorney — noun a legal instrument authorizing someone to act as the grantor s agent • Topics: ↑law, ↑jurisprudence • Hypernyms: ↑legal document, ↑legal instrument, ↑official document, ↑instrument …   Useful english dictionary

  • Power Of Attorney — A legal document giving one person (called an agent or attorney in fact ) the power to act for another person (the principal). The agent can have broad legal authority or limited authority to make legal decisions about the principal s property… …   Investment dictionary

  • power of attorney — n. a power of attorney to + inf. (we had a power of attorney to conduct her business) * * * a power of attorney to + inf. (we had a power of attorney to conduct her business) …   Combinatory dictionary

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