Principal and Agent

Health Care Power of Attorney
A Health Care Power of Attorney grants an individual the authority to make medical treatment decisions on behalf of another person when they are unable to do so themselves. This includes decisions regarding the use of extraordinary life support measures.
Power of Attorney (POA)
Power of Attorney (POA) is a legal instrument that allows one person (the principal) to appoint another (the agent or attorney-in-fact) to act on their behalf in various capacities, such as managing property or financial matters.

Accounting Terms Lexicon

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