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Glossary of Legal, Business and Financial Terms
This glossary contains definitions of common legal terms, as well as words and phrases related to business and finance. Some terms may have different meanings based on the
area of law or the context in which they are used.
General power of attorney
A legal document that, when properly executed, gives one person (the agent or attorney-in-fact) full legal authority to act on behalf of another (the principal or donor). The scope of the document can be as broad or narrow as you desire as defined in the document. A general power of attorney becomes invalid when the principal dies or becomes incompetent.
