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TeachMeFinance.com historic definition... Attorney -- An attorney (that is, a private attorney or attorney
in fact) is a person empowered by another to act in his
stead, especially a person who is legally appointed and formally
authorized to transact business for another.
The distinction between a private attorney or attorney in
fact and a public attorney or attorney at law is that the latter
is qualified to prosecute and defend actions in a court of law,
whereas the former is restricted to business out of court.
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Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer. |