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Term of the Day
designate
interest in possession trust
Durable Power of Attorney
Definition
adjective
appointed to a job but not yet working
Example
the chairman designate
(
Note
always follows a noun)
verb
to
appoint
someone to a post
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Popular 'Banking' Terms
negotiable
letter of credit
bank draft
bank
commercial bank
account
overdraft protection
compound interest
overdraft
lockbox
Related Terms
interest in possession trust
H
E
beneficiary clause
totten trust
brokerage supervisor
r-value
prior period
Durable Power of Attorney
absorb
Mentioned in these terms
designated agent
Super Designated Order Turnaround System
Designated Order Turnaround
designated beneficiary
designated Roth account
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