general power of attorney

general power of attorney definition - business

general power of attorney

A legal document that allows another to act on behalf of the principal in all matters. A general power of attorney is often authorized when individuals become concerned about the possibility of becoming incapacitated and unable to make their own decisions.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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