Legal Authorization

Attorney-in-Fact
An attorney-in-fact is an individual who is authorized to act on behalf of another person under a power of attorney, which can be general or limited in scope. This designation does not require the individual to be an attorney-at-law.
Permit
A permit is a document issued by a government regulatory authority that grants the bearer permission to undertake a specific action. Permits are often required for activities that could have legal, environmental, safety, or public health implications.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.