Usually means: Authority to designate property beneficiaries.
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We found 19 dictionaries that define the word power of appointment:

General (12 matching dictionaries)
  1. power of appointment: Oxford Learner's Dictionaries
  2. power of appointment: American Heritage Dictionary of the English Language
  3. power of appointment: Collins English Dictionary
  4. power of appointment: Vocabulary.com
  5. power of appointment: Wiktionary
  6. power of appointment: Infoplease Dictionary
  7. power of appointment: Dictionary.com
  8. Power of appointment: Wikipedia, the Free Encyclopedia
  9. power of appointment: Rhymezone
  10. power of appointment: FreeDictionary.org
  11. power of appointment: Mnemonic Dictionary
  12. Appointment, Power of, power of appointment: TheFreeDictionary.com

Business (7 matching dictionaries)
  1. power of appointment: Merriam-Webster Legal Dictionary
  2. power of appointment: Law.com Dictionary
  3. Everybody's Legal Dictionary (No longer online)
  4. INVESTORWORDS (No longer online)
  5. Glossary of Legal Terms (No longer online)
  6. Appointment, Power of, Power of Appointment: Legal dictionary
  7. BusinessDictionary.com (No longer online)

(Note: See power_of_appointments as well.)

Definitions from Wiktionary (power of appointment)

noun:  (law) In the law of wills, the ability of a testator to select a person who will be given the authority to dispose of certain property under the will.

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