Actual Authority

Filed Under » ,
Dictionary Says

Definition of 'Actual Authority'

Specific powers, expressly conferred by a principal (often an insurance company) to an agent to act on the principal's behalf. This power may be broad, general power or it may be limited, special power.

Also known as "express authority."
Investopedia Says

Investopedia explains 'Actual Authority'

Actual authority arises where the principal's words or conduct rationally cause the agent to believe that he or she has been empowered to act. An agent receives actual authority either orally or in writing. Written authority is preferable, as it is somewhat difficult to establish authority that is given verbally. In a corporation, written express authority includes bylaws and resolutions from directors' meetings which grant the authorized person permission to carry out a definite act on behalf of the corporation.
Search results for

'Actual Authority'

  • The Risks Of Mortgage-Backed Securities

    http://www.investopedia.com/articles/mortgages-real-estate/08/weighted-average-mbs.asp
    ... end of the spectrum, with respect to complexity and realism, is a prepayment
    specification based on actual experiences of the Federal Housing Authority (FHA). ...

  • Translating "Fed Speak" Into Plain English

    http://www.investopedia.com/articles/economics/08/translating-fed-speak.asp
    ... This authority to conduct monetary policy gives the Fed significant power to expand
    or ... the media and analysts are ready to not only look for actual changes in ...

  • Municipal Bond Tips For The Series 7 Exam

    http://www.investopedia.com/articles/professionaleducation/07/Series_7_municipal.asp
    ... level, this primarily means ad valorem (property) taxes, Actual revenues generated ...
    Public housing authority (PHA)/ new housing authority (NHA) bonds: Backed by ...

  • Series 65 Study Guide - Cash Equivalents and Fixed Income ...

    http://www.investopedia.com/exam-guide/series-65/cash-equivalents-fixed/bond-yields.asp
    ... The return based on the actual purchase price of the bond; Takes any premium or
    discount over par into account and uses the actual time to maturity for the ...

  • Series 65 Study Guide - Portfolio Risks and Returns - Stock Risks ...

    http://www.investopedia.com/exam-guide/series-65/portfolio-risks-returns/stock-risks.asp
    ... Quantitative Analysis One of the concepts used in risk and return calculations is
    standard deviation, which measures the dispersion of actual returns around ...

  • Series 65 Study Guide - Portfolio Risks and Returns - Measuring ...

    http://www.investopedia.com/exam-guide/series-65/portfolio-risks-returns/measuring-portfolio-returns.asp
    ... section. You will not be tested on the actual formulas, so we have not included
    them here (other than those provided for clarity). ...

  • Series 65 Study Guide - Taxation Issues - Holding Period and Cost ...

    http://www.investopedia.com/exam-guide/series-65/taxation/holding-period-cost-basis.asp
    ... cost bases that apply: 1 - The actual cost basis of the giver; and 2 -
    The market value on the date of the gift. The actual cost ...

  • The Hong Kong Dollar: What Every Forex Trader Needs To Know

    http://www.investopedia.com/articles/forex/11/hong-kong-dollar-primer.asp
    ... in the Hong Kong dollar, then, are for the purposes of actual business transactions ...
    All the while, the Hong Kong Monetary Authority will use its huge reserves ...

  • IRS Asset Seizures: Could It Happen To You?

    http://www.investopedia.com/articles/tax/09/enforced-collections.asp
    ... A levy is the actual seizure of taxpayer assets by the IRS. ... Exempt Assets Although
    the IRS has the authority to seize the vast majority of a taxpayer's assets ...

  • Kim Jong Il's Death And The Markets - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1211/Kim-Jong-Ils-Death-And-The-Markets.aspx
    ... leader, Kim Jong Un cannot quickly cement his power and authority, there is ... Should
    there be signs of actual internal instability or real military mobilization ...

Related Articles

Bank Rates
Product Today Last Wk
$10K MMA 0.50% 0.51%
MMA 0.45% 0.46%
6 Month CD 0.46% 0.47%
1 Year CD 0.70% 0.75%
5 Year CD 1.46% 1.46%
1 Year Jumbo CD 0.66% 0.67%
Rate data provided by Bankrate
Product Today Last Wk
$30K HELOC 4.59% 4.59%
$30K Home Equity Loan 5.74% 5.75%
$50K Home Equity Loan 5.45% 5.46%
$50K HELOC 4.24% 4.24%
$100K Home Equity Loan 5.41% 5.41%
$100K HELOC 4.13% 4.13%
Rate data provided by Bankrate
Product Today Last Wk
30 Year Fixed 3.82% 3.73%
15 Year Fixed 3.11% 3.03%
1 Year ARM 3.54% 3.53%
30 Year Fixed Jumbo 4.38% 4.39%
5/1 ARM 2.67% 2.68%
3/1 ARM 2.69% 2.69%
Rate data provided by Bankrate
Product Today Last Wk
60 Month Used Car Loan 4.51% 4.51%
48 Month Used Car Loan 4.35% 4.35%
48 Month New Car Loan 3.24% 3.24%
36 Month Used Car Loan 4.34% 4.35%
36 Month New Car Loan 3.11% 3.13%
60 Month New Car Loan 3.35% 3.34%
Rate data provided by Bankrate
Partner Links