power in gross

A power held by a donee who has an interest in the assets subject to the power but whose interest cannot be affected by the exercise of the power.

• An example is a life tenant with a power over the remainder.

— Also termed power collateral. [Cases: Powers 23. C.J.S. Powers § 5.]

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词条贡献者

双语律师Benita，国际知名法学院金融专业，擅长翻译各类与项目开发及融资相关的法律文件。