Financial Glossary

Here you’ll find clear and concise explanations of key financial terms and concepts. Our goal is to help you better understand essential topics across the financial world.

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Featured
Withholding
Will

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Yield Curve
Yield

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Zero-Coupon Bond

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August Jepsen August Jepsen

Power of Attorney

A power of attorney is a legal document in which one person (called the "principal") authorizes another person (called the "agent" or "attorney-in-fact") to act on their behalf and make decisions regarding financial, legal, or medical matters. Powers of attorney can be general (broad authority), limited (specific tasks), or durable (remaining effective even if the principal becomes incapacitated). The scope and powers granted are specified by the principal in the document and are effective as long as the principal is alive and competent, unless made durable or revoked.​

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