Credit Cards

Auto Loans

Home Loans

Personal Loan

Fixed Deposits

Savings Accounts

Education Loans

RupeeTimes' financial glossary  A-F |  G-O |  P-V |  W-Z |  1-9 |  Search by category |     Category: Definitions   Penal interest Plinth area Point Of Sale (POS) Power of attorney Pre payment penalty Pre-EMI Prime Lending Rate (PLR) Principal Processing Date Property tax Quantitative Analysis Quarterlies Quick assets Recession Recurring Billing Refinance Charge Refinancing Repayment Repayment Holiday Repo rate Rest Reverse Mortgage Sale deed Simple Interest Stamp duty Statutory Liquidity Ratio (SLR) Stored-value Card Surcharge Tenure of the Loan Time deposit Unsecured loan Variable Interest Rate Power of attorney It is an instrument of law empowering a specified person or persons to act for and in the name of the person executing it. The person for whom the act is done or who is so represented is called principal. The person who is so authorized to do or represent is called agent. It may be either notarized or registered depending on the transaction.