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power of attorney Definition

power of attorney

power of attorney Finance Definition
A written, legal document that authorizes another person to act for the writer of the power of attorney. The power of attorney may be narrowly defined, in which case it would be called a limited power of attorney. A power of attorney also may be limited to deciding health care issues, in which case it is called a health care power of attorney.
power of attorney Law Definition

n

  1. A written instrument whereby someone is granted the right to perform certain acts as the agent of the grantor; that is, acting in the grantor’s behalf.
  2. The actual authority granted in this way.