Simple English definitions for legal terms
Read a random definition: reciprocal insurance
Appointee: A person who is chosen for a job or position. It can also mean someone who is given something as a result of someone else's decision. For example, if someone has the power to give away a gift, the person who receives the gift is called the appointee or the object of the power of appointment.
Definition: A person who is appointed to a position or receives the benefit of a power of appointment.
For example, if a company appoints John as the new CEO, John is the appointee. Another example is when a person has the power to appoint someone to receive property, the person they choose is the appointee.
The term "permissible appointee" refers to a person who can be assigned appointive property under a power of appointment. This person is also known as the "object of the power of appointment" or simply the "object of the power".
These examples illustrate how an appointee is someone who is chosen or designated for a specific role or benefit, either by a company or an individual with the power to appoint.