A trust for several children where a trustee can decide how to use the trust for the benefit of the children, usually to provide for unforeseen needs. It is A pot trust ends when the youngest child of the trust reaches a specific age, usually 18 or 21. … [Read more...] about POT TRUST
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POST-MARK
A stamp or mark put on letters received at the post office for transmission through the malls. … [Read more...] about POST-MARK
POT-DE-VIN
In French law. A sum of money frequently paid, at the moment of entering Into a contract beyond the price agreed upon. It differs from arrha, in this: that it is no part of the price of the thing sold, and that the person who has received It cannot by returning double the amount or the other party by losing what he has paid, rescind the contract. … [Read more...] about POT-DE-VIN
POSTMASTER
An officer of the United States, appointed to take charge of a local post office and transact the business of receiving and forwarding the mails at that point and such other business as is committed to him under the postal laws. Postmaster general. The head of the post office department He is one of the presidents cabinet. … [Read more...] about POSTMASTER
POTENTATE
A person who possesses great power or sway; a prince, sovereign, or monarch. By the naturalization law of the United States, an alien is required to renounce all allegiance to any foreign "prince, potentate, or sovereign whatever." … [Read more...] about POTENTATE