power of appointment

WordNet-Online
Free dictionary and thesaurus of English. Definitions, synonyms, antonyms and more...
Hint: double-click any word to get it searched!

Definitions from WordNet

Noun power of appointment has 1 sense

power of appointment - authority given (in a will or deed) by a donor to a donee to appoint the beneficiaries of the donor's property
--₁ is a kind of authority, authorization, authorisation, dominance, say-so

Definitions from the Web

Power of Appointment

Noun: A legal term referring to the authority given to a person (known as the "donee") to designate or appoint who should receive certain property or assets.

Example sentence: In her will, Jane granted her son the power of appointment, allowing him to choose how to distribute her jewelry collection among her grandchildren.

Noun: In finance, a power of appointment refers to the ability of an individual or committee to decide how to allocate investments or funds within a trust or other financial arrangement.

Example sentence: The board of trustees holds the power of appointment to determine the distribution of funds from the charitable trust.

Related products on Amazon:

power hunger power law power line power loading power loom power meter power module power mower power of appointment power of attorney power outage power pack power plant power play power point power politics power pylon

Sponsored (shop thru our affiliate link to help maintain this site):

Check latest bestsellers | New Arrivals in Electronics