Definitions for "ATTORNEY-IN-FACT"
An individual who is given authority to execute legal documents, including bonds; or the manager of a reciprocal exchange, which is an insurance arrangement whereby risk is transferred to other members. The attorney-in-fact need not be a lawyer.
A person authorized to act for or in behalf of another person or organization, to the extent prescribed in a written instrument known as a power of attorney.
Person to whom the power of attorney is granted (a.k.a. “Agent”).
a fiduciary and as such has a duty to invest and manage the assets of the principal as a prudent investor
an agent of the principal
See Agent.