Attorney In Fact

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.

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.

Investment dictionary. . 2012.

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Look at other dictionaries:

  • attorney-in-fact — A person named in a written power of attorney document to act on behalf of the person who signs the document, called the principal. The attorney in fact s power and responsibilities depend on the specific powers granted in the power of attorney… …   Law dictionary

  • attorney–in–fact — n pl attorneys–in–fact: an attorney who may or may not be a lawyer who is given written authority to act on another s behalf esp. by a power of attorney compare attorney at law Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • attorney in fact — ● attorn * * * attorney in fact, an attorney authorized to act for his client out of court …   Useful english dictionary

  • attorney in fact — noun alternate, legal appointee, legal representative, proxy, surrogate Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • attorney-in-fact — noun An agent of the person giving him/her the power of attorney (for a specific purpose or for general purposes) to act on his/her behalf. The attorney in fact’s power and responsibilities depend on the specific powers granted in the power of… …   Wiktionary

  • attorney-in-fact —  ̷ ̷| ̷ ̷ ̷ ̷ ̷ ̷ˈ ̷ ̷ noun (plural attorneys in fact) 1. : a person appointed by another by a letter or power of attorney to transact any business for him out of court compare attorney at law 2. : an agent employed in any business or to do any… …   Useful english dictionary

  • attorney in fact — An agent or representative authorized by a power of attorney to act for his principal in certain matters. 3 Am J2d Agency § 23. An agent, sometimes referred to as a private attorney who is authorized by his principal, either for some particular… …   Ballentine's law dictionary

  • attorney-in-fact — /euh terr nee in fakt /, n., pl. attorneys in fact. Law. a person authorized by power of attorney to act on the authorizer s behalf outside a court of law. * * * …   Universalium

  • attorney — at·tor·ney /ə tər nē/ n pl neys [Anglo French atorné legal representative, from past participle of atorner to designate, appoint, from Old French, to prepare, arrange see attorn]: a person authorized to act on another s behalf; esp: lawyer see… …   Law dictionary

  • Attorney — At*tor ney, n.; pl. {Attorneys}. [OE. aturneye, OF. atorn[ e], p. p. of atorner: cf. LL. atturnatus, attornatus, fr. attornare. See {Attorn}.] 1. A substitute; a proxy; an agent. [Obs.] [1913 Webster] And will have no attorney but myself. Shak.… …   The Collaborative International Dictionary of English

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