power of appointment

power of appointment
noun
authority given (in a will or deed) by a donor to a donee to appoint the beneficiaries of the donor's property
Hypernyms: ↑authority, ↑authorization, ↑authorisation, ↑potency, ↑dominance, ↑say-so

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noun
: a legal authority granted under a deed or will authorizing the donee to dispose of an estate in a specified manner for his own benefit or the benefit of others

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Law.
the authority granted by a donor to a donee to select the person or persons who are to enjoy property rights or income upon the death of the donor or of the donee or after the termination of existing rights or interests.
[1930-35]

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power of appointment,
authority given to one person over the property of another.

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1) power to select the holder of a particular job or position
2) Law power to decide the disposal of property, in exercise of a right conferred by the owner

Useful english dictionary. 2012.

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Look at other dictionaries:

  • power of appointment — power of appointment: a power granted under a deed or will authorizing the donee to dispose of an estate in a specified manner for the benefit of the donee or of others general power of appointment: a power of appointment which the donee may… …   Law dictionary

  • power of appointment — n. the authority granted to a person by deed or will to dispose of the grantor s property …   English World dictionary

  • Power of appointment — A power of appointment is a term most frequently used in the law of wills to describe the ability of the testator (the person writing the will) to select a person who will be given the authority to dispose of certain property under the will.… …   Wikipedia

  • power of appointment — Authority enabling one person to dispose of an interest which is vested in another. Re Zanatta, 99 NJ Eq 339, 131 A 515. A liberty or authority reserved by, or limited to, a person to dispose of real or personal property for his own benefit, or… …   Ballentine's law dictionary

  • power of appointment, special — n. A power of appointment that limits the possible beneficiaries to members of a specified group. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • power of appointment trust — see trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • power of appointment — /ˌpaυər əv ə pɔɪntmənt/ noun the power of a trustee to dispose of interests in property to another person …   Dictionary of banking and finance

  • limited power of appointment — Power of appointment is limited when it is exercisable only in favor of persons or a class of persons designated in the instrument creating the power. Johnstone v. Commissioner of Internal Revenue, C.C.A.9, 76 F.2d 55, 57. See also power of… …   Black's law dictionary

  • limited power of appointment — Power of appointment is limited when it is exercisable only in favor of persons or a class of persons designated in the instrument creating the power. Johnstone v. Commissioner of Internal Revenue, C.C.A.9, 76 F.2d 55, 57. See also power of… …   Black's law dictionary

  • power of appointment — Law. the authority granted by a donor to a donee to select the person or persons who are to enjoy property rights or income upon the death of the donor or of the donee or after the termination of existing rights or interests. [1930 35] * * * …   Universalium

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