Back to Glossary
Principal
In a power of attorney, the person who grants authority to another person (the agent) to act on their behalf. The principal is the one whose interests are being represented.
Used in these documents:
Related Terms:
Grantor
The person or entity that transfers property or rights to another party (the grantee). In real estate, the grantor is the seller or person giving away property rights.
Power of Attorney
A legal document that gives one person (the agent or attorney-in-fact) the authority to act on behalf of another person (the principal). This can include managing finances, making healthcare decisions, or signing documents.
Disclaimer
This definition is for informational purposes only and does not constitute legal advice. Consult a licensed attorney for specific guidance.