limited power of appointment

A power of appointment that either does not allow the entire estate to be conveyed or restricts to whom the estate may be conveyed; esp., a power by which the donee can appoint to only the person or class specified in the instrument creating the power, but cannot appoint to oneself or one’s own estate. — Often shortened to limited power.

— Also termed special power of appointment. [Cases: Powers 19; Wills 589. C.J.S. Powers §§ 15–16.]

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资深译员Betty，知名法学院国际金融法专业，擅长翻译各类与并购业务相关的法律文件。