An agent with the jurisdiction to perform acts which are reasonably necessary to accomplish the purpose of an organization. Under contract law, implied authority figures have the ability to make a legally binding contract on behalf of another person or company.
An agent of an insurance company can be given the authority to solicit applications for life insurance on behalf of the insurer. When the insurer gives the agent that express authority, it also gives the agent the implied authority to telephone prospects on its behalf to arrange sales appointments.
Investment dictionary. Academic. 2012.
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Implied authority — of Contract is a legal term. In contract law, it is the implied ability of an individual to make a legally binding contract on behalf of an organization, by way of uniform or interaction with the public on behalf of that organization. When a… … Wikipedia
implied authority — see authority Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. implied authority … Law dictionary
implied authority — authority which is understood without being explicitly stated … English contemporary dictionary
implied authority — The actual authority of an agent, circumstantially proved, which the principal is deemed to have actually intended the agent to possess; authority of an agent arising independently of any express grant of authority, as from some manifestation by… … Ballentine's law dictionary
implied authority — noun or implied agency : authority that is not proved expressly but by inferences and reasonable deductions and that arises out of the language and course of conduct of the principal toward his agent and the agency … Useful english dictionary
actual implied authority — see authority Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
attorney's implied authority — The authority which an attorney has, by virtue of his employment as an attorney, to do all acts necessary and proper to the regular and orderly conduct of the case; being such acts as affect the remedy only and not the cause of action. Such acts… … Ballentine's law dictionary
agent's implied authority — Actual authority, circumstantially proved, which the principal is deemed to have actually intended the agent to possess. 3 Am J2d Ag § 71 … Ballentine's law dictionary
authority — au·thor·i·ty n pl ties 1: an official decision of a court used esp. as a precedent 2 a: a power to act esp. over others that derives from status, position, or office the authority of the president; also: jurisdiction b: the power to act … Law dictionary
implied — im·plied /im plīd/ adj: not directly or specifically made known (as in the terms of a contract); specif: recognized (as by a court) as existing by reason of an inference and esp. on legal or equitable grounds for breach of implied covenants in… … Law dictionary