Definition of Substitution

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TeachMeFinance.com - explain Substitution




historic definition...

Substitution -- A power of attorney and substitution permits the one holding the power to transfer it to another to substitute another for himself. The word substitution also is used when securities pledged as collateral are withdrawn and replaced with other securities by consent of the one holding the collateral.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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