What do a.m. and p.m. stand for?

power of appointment

noun, Law.
the authority granted by a donor to a donee to select the person or persons who are to enjoy property rights or income upon the death of the donor or of the donee or after the termination of existing rights or interests.
Origin of power of appointment
1930-35 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for power of appointment
  • The exercise or release of a general power of appointment may be a gift by the individual possessing the power.
  • Property under a special limited power of appointment is not taxable.
  • The decedent is not treated as owning any property by reason of holding a power of appointment with respect to such property.
British Dictionary definitions for power of appointment

power of appointment

(property law) authority to appoint persons either from a particular class (special power) or selected by the donee of the power (general power) to take an estate or interest in property
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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