Mere Power

Business, Legal & Accounting Glossary

Definition: Mere Power

Full Definition of Mere Power

A power of appointment where there is no duty that it be exercised. This is sometimes distinguished from both a discretionary trust (also known as a ‘trust power’) and a ‘power in the nature of a trust’, where there is such a duty. Although the holder (or ‘donee’) of this power cannot be compelled to exercise it, he may sometimes be forced to consider doing so. Also known as a ‘collateral power’.

See also discretionary trust.

Cite Term

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Page URL
Modern Language Association (MLA):
Mere Power. Payroll & Accounting Heaven Ltd. May 25, 2020
Chicago Manual of Style (CMS):
Mere Power. Payroll & Accounting Heaven Ltd. (accessed: May 25, 2020).
American Psychological Association (APA):
Mere Power. Retrieved May 25, 2020, from website:

Definition Sources

Definitions for Mere Power are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 6th April, 2020 | 0 Views.