An attorney-in-fact is an individual who is authorized to act on behalf of another person under a power of attorney, which can be general or limited in scope. This designation does not require the individual to be an attorney-at-law.
A Durable Power of Attorney (DPOA) is a legal document that allows an individual to act as an agent on behalf of the principal, even in the event of subsequent incapacity or disability of the principal.
A Power of Attorney (POA) is a legal document that allows an individual, known as the principal, to designate another person, called the agent or attorney-in-fact, to make decisions and act on their behalf in specified matters.
Power of Attorney (POA) is a legal instrument that allows one person (the principal) to appoint another (the agent or attorney-in-fact) to act on their behalf in various capacities, such as managing property or financial matters.
A specialized form of power of attorney that remains inactive until a specified event occurs, such as the incapacity or disability of the principal, at which point it becomes effective.
A power of attorney form used to transfer ownership of a registered security from the owner to another party. This document is essential in executing the transfer of securities efficiently and legally.
Trading authorization is a document giving a brokerage firm employee acting as an agent (broker) the power of attorney to buy and sell transactions for a customer.
Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.