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Holder of the procuration

person who has power of attorney from a businessman or a company to enter into contracts on their behalf, and cannot transfer the power of attorney to another person

Pronunciation
/ˈhəʊldə əv ðɪ ˌprɒkjʊˈreɪʃən/
/ˈhoʊldər əv ðə ˌprɑkjəˈreɪʃən/