A power of attorney that gives the agent power to handle only a specified matter -- for example, to sign papers completing a single business transaction or property transfer. Compare: general power of attorney
A broad power of attorney document that gives the named agent power to handle all matters permitted by law on behalf of the person (called "the principal") who executed the document. Compare: limited power of attorney
A relationship in which an individual places complete confidence, trust, and reliance in someone who has a fiduciary duty to act for the individual's benefit. A fiduciary relationship need not be formally or legally established; it may be assumed where the fiduciary has superior knowledge and training compared to the person whose affairs the fiduciary is handling.
A relationship of intimacy and trust, especially one in which one person is in a position of greater knowledge or power. (See also: fiduciary)
1) A fee or remuneration paid in return for services rendered. Commission is often calculated as a percentage of the total transaction; commission can be separate and in addition to fixed wages, or it can be the sole form of compensation, known as straight commission.
A set of publications containing regulations issued by federal agencies and organized by subject.
1) A power to act or to order others to act. Often one person or entity gives another the authority to act, as an employer to an employee, a principal to an agent, a corporation to its officers, or a government to an agency. 2) A court decision used to make a point or support an argument.