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power of appointment

American  

noun

Law.
  1. 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.


power of appointment British  

noun

  1. 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

Etymology

Origin of power of appointment

First recorded in 1930–35