Attorney In Fact

Filed Under »
Dictionary Says

Definition of 'Attorney In Fact'

A person who is authorized to perform business-related transactions on behalf of someone else (the principal). In order to become someone's attorney in fact, a person must have the principal sign a power of attorney document. This document designates the person as an agent, allowing him or her to perform actions on the principal's behalf.
Investopedia Says

Investopedia explains 'Attorney In Fact'

The extent of the power of attorney document determines the amount of responsibility that the attorney in fact possesses. Attorneys in fact operate under general power of attorneys, meaning that they are not restricted and can represent their principals in any transaction. In the case of a special power of attorney, the attorney in fact has restricted powers and can represent the principal in specific situations.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Power Of Attorney

    A legal document ...
  2. Principal

    1. The amount ...
  3. Agent

    1. An individual ...
  4. Estate

    All of the ...
  5. Actual Authority

    Specific powers, ...
  6. Attorney's Fee Awards

    The order of ...
  7. Insider

    A director or ...
  8. Smart Money

    Cash invested or ...
  9. Zombie Titles

    A right to ...
  10. Sunshine Laws

    Regulations ...

Articles Of Interest

  1. Your Will: Why You Need A Power Of Attorney And Beneficiaries

    What would happen if you were suddenly unable to manage your financial affairs? Preparation is the best protection.
  2. Getting Started On Your Estate Plan

    With some preparation, you can save your heirs from paying a hefty estate tax. Here are some tips.
  3. Find High Yield CDs

    Retire in style. Search for the 100 highest yielding CD's from Bankrate.com. Click Here!
  4. Three Documents You Shouldn't Do Without

    Estate planning is not just about the division of assets after you die. Read on to save your loved ones extra grief.
  5. Active Investment Management Misses The Mark

    Active investment management offers little advantage in the secondary capital markets.
  6. Understanding Order Execution

    Find out the various ways in which a broker can fill an order, which can affect costs.
  7. SEC Filings: Forms You Need To Know

    The forms companies are required to file provide a clear view of their histories and progress.
  8. The Currency Market Information Edge

    Unique features of the forex market may allow larger players to get a jump on smaller ones.
  9. The Flow Of Company Information

    Learn how to gather all the pieces before you start to put together your puzzle.
  10. Why Late Trading Is Illegal

    Institutional investors got a sweet deal that soured retail investors' mutual fund returns.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center