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appointor

   Also found in: Legal 0.01 sec.
ap·poin·tor  (-pointr, -pointôr)
n.
One that executes a power of appointment of property.

appointor [əˈpɔɪntə əpɔɪnˈtɔː]
n
(Law) Property law a person to whom a power to nominate persons to take property is given by deed or will See also power of appointment


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However, the appointor must then bear the downside risk of new money injected to attempt to resuscitate the firm, whereas the unsecured creditors will realize any upside from the new money.
A second free-rider problem arises in the UK receivership system when creditors other than the appointor of the receiver, refuse to contribute towards new financing although they may benefit if the new financing adds value.
 
 
 
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