COLLATERAL POWER


Meaning of COLLATERAL POWER in English

noun

: a power granted to one who has no interest or estate in the property to which the power relates (as a power of sale granted to an executor who is not a legatee or devisee) — called also naked power, power in gross ; distinguished from power coupled with an interest

Webster's New International English Dictionary.      Новый международный словарь английского языка Webster.