One who is authorized to act for another under a Power of Attorney, which may be general or limited in scope. A person need not be an Attorney-At-Law to be an attorney-in-fact.
| Business Dictionary: Attorney-In-Fact |
One who is authorized to act for another under a Power of Attorney, which may be general or limited in scope. A person need not be an Attorney-At-Law to be an attorney-in-fact.
| 5min Related Video: Attorney in Fact |
| Banking Dictionary: Attorney in Fact |
Person named by another to act as an agent in his behalf. Assignment is in writing, and is commonly referred to as a Power of Attorney assignment, and may be general or limited to specific acts.
| Real Estate Dictionary: Attorney-In-Fact |
One who is authorized to act for another under a power of attorney, which may be general or limited in scope.
Example: Collins wishes to sell her home but is planning a 6-month vacation in the Middle East. She gives authorization to her friend Baker to sign the Deed over to a buyer. Baker becomes her attorney-in-fact for this situation.
| Architecture: attorney-in-fact |
A person authorized to act for or in behalf of another person or organization, to the extent prescribed in a written instrument known as a power of attorney.
| power of attorney | |
| Discretionary Account (in banking) | |
| Bond Power (finance term) |
Copyrights:
![]() | Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved. Read more | |
![]() | Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved. Read more | |
![]() | Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved. Read more | |
![]() | Architecture. McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc. All rights reserved. Read more |
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