Another Word For Power Of Attorney Definition And Meaning In English

By Team MeaningKosh

Power of Attorney (POA) is a legal document that allows one person to appoint another individual or entity as an agent. This allows the appointed agent to act on behalf of the principal, who remains in full control. POA grants authority to the appointed individual or entity to make decisions and take action on behalf of the principal for a variety of situations like handling financial accounts, managing investments, and more.

Table Of Content:

1. Definition of Power Of Attorney by Merriam-Webster
Definition of Power Of Attorney by Merriam-WebsterPower of attorney definition is - a legal instrument authorizing one to act as the attorney or agent of the ... Dictionary Entries Near power of attorney. power net. power of attorney ... English Language Learners Definition of power of attorney. law.

2. Power of attorney - Wikipedia
Power of attorney - WikipediaA 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 ...

6. definition of durable power of attorney by Medical dictionary
definition of durable power of attorney by Medical dictionaryMeaning of durable power of attorney medical term. ... A legally qualified advance directive that gives one other person, and often an alternate as well, the authority to make medical decisions should the ... Complete English Grammar Rules

8. POWER OF ATTORNEY | meaning in the Cambridge English ...
POWER OF ATTORNEY | meaning in the Cambridge English ...5 days ago ... power of attorney definition: 1. the legal right to act for someone else in their financial or ... Meaning of power of attorney in English ... Learn the words you need to communicate with confidence. ... law a legal document in which you give another person the right to act for you, esp. in financial or legal matters.
Legal Dictionary | Law.comprep. lawyer Latin for "from the start," as "it was legal ab initio." ... a deed, lease, or power of attorney, to make it certified as legal and suitable for recording. ... 2) in law, another name for a contract including all the elements of a legal contract: ...

What responsibilities do agents have under Power of Attorney?

Agents are responsible for making decisions based on what they believe would be in the best interests of their principals. Agents must also abide by any instructions outlined by the principal in order to avoid liability, and should always communicate with their principals in a timely manner when necessary.

Is Power of Attorney revocable?

Yes, Power of Attorney can be revoked or cancelled at any time by written notice given to the agent or attorney-in-fact prior to revocation. The principal must also provide written notice of revocation upon all parties involved in transactions based on power attorney.

What happens when Power of Attorney expires?

Once Power of Attorney terminates or expires, it is no longer valid and agents are no longer authorized to act on behalf of their principals. All powers granted under POA will cease and all related documents should be returned to the principal immediately upon expiration.

Is Power of Attorney a binding contract?

Yes, Power of Attorney is considered a legally binding contract that outlines mutual agreement between two parties -the appointee (agent) and grantor (principal). This agreement states that grantors grant certain decision-making powers to appointees who agree to exercise those powers according to what they believe would be in the best interests of the grantor.

Power of Attorney grants one individual or entity authority over another’s affairs while remaining in full control over that matter themselves. POA lasts only until either it's revoked or expiration date is reached, and is a legally binding agreement with significant consequence associated with it if not followed properly.


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