First power definition

First power means a power of appointment, an exercise of which has created another power of appointment.
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First power means a nonfiduciary, nongeneral power of appointment over personal property held in trust that is exercised so as to subject the property to, or to create, another power of appointment.
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Related to First power

  • Market power means the ability to impose on customers a sustained price for a product or service above the price that would prevail in a competitive market.