power in gross

power in gross
power in gross see power 2b

Merriam-Webster’s Dictionary of Law. . 1996.

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  • power in gross — A power of appointment given to a person having an estate in the property, where the estate to be created under or by virtue of the power is not to take effect in possession until after the determination of the donee s estate. 41 Am J1st Pow § 5 …   Ballentine's law dictionary

  • power in gross — collateral power exercisable by the donee only in the creation of such estates as will not attach to that which he himself holds or be satisfied out of his own interest distinguished from power appendant …   Useful english dictionary

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  • power appendant — noun or power appurtenant : a power coupled with an interest that the donee can exercise only out of an estate held by him (as a grant by the holder of a life estate of a lease) distinguished from power in gross …   Useful english dictionary

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  • gross national product —   Gross domestic product plus net income from abroad. Net income from abroad is income earned from overseas investment minus the value of income earned by overseas investors in the domestic economy. Needs to be adjusted for inflation or the… …   Geography glossary

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