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


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/mere-power/
Modern Language Association (MLA):
Mere Power. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. May 25, 2020 https://payrollheaven.com/define/mere-power/.
Chicago Manual of Style (CMS):
Mere Power. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/mere-power/ (accessed: May 25, 2020).
American Psychological Association (APA):
Mere Power. PayrollHeaven.com. Retrieved May 25, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/mere-power/

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.