A power of attorney (POA) or letter of attorney is a document which is in common law systems or in civil law systems is an authorization to act on someone else’s behalf in a legal or business matter. The person who is authorizing the other to act, is the principal, granter or donor (of the power), and the one authorized to act is the agent, the attorney-in-fact, or in many Common Law jurisdictions, simply the attorney.
It is a written authorization, which allows a person to perform certain acts on behalf of another person, such as movement of assets between accounts or trading in a person’s securities portfolio etc.
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