relationship between two individuals where one is a principal and the other is an agent representing the principal in transactions with other parties. For example, a trust officer in a bank can engage in activities on behalf of clients.
relationship between a principal and another party, named as agent, who is authorized to carry out the principal's instructions in transactions with a third party. For example, giving another person power of attorney to negotiate a contract.
- Finance. Account managed by one party for another, as by a bank trust department for an institutional client, such as a pension fund. Abank, acting as agent, can also purchase or sell securities for individuals.
- Securities. Federal agency securities other than those issued by the U.S. Treasury Department, such as obligations of the Government National Mortgage Association, the Federal Intermediate Credit Banks, the Export-Import Bank. These are exempt from Securities and Exchange Commission registration requirements. Some agency securities, such as Government National Mortgage Association participation certificates, are backed by the full faith and credit of the federal government.
In general: relationship between two parties, one a principal and the other an agent who represents the principal in transactions with a third party.Finance: certain types of accounts in trust institutions where individuals, usually trust officers, act on behalf of customers.Government: securities issued by government-sponsored corporations such as Federal Home Loan Banks or Federal Land Banks.Investment: act of buying or selling for the account and risk of a client.Personnel: company that refers potential employees to employers for a fee.See also headhunter.
In general: relationship between two parties, one a principal and the other an agent who represents the principal in transactions with a third party.
Finance: certain types of accounts in trust institutions where individuals, usually trust officers, act on behalf of customers. Agency services to corporations are related to stock purchases and sales. Banks also act as agents for individuals.
Government: securities issued by government-sponsored entities and federally related institutions. Agency securities are exempt from Securities and Exchange Commission (SEC) registration requirements. See also agency securities.
Investment: act of buying or selling for the account and risk of a client. Generally, an agent, or broker, acts as intermediary between buyer and seller, taking no financial risk personally or as a firm, and charging a commission for the service.
individuals under common management whose goal is to sell and service insurance. Office may be managed by a General Agent or branch manager.
the legal relationship between a principal and his agent arising from a contract in which the principal engages the agent to perform certain acts on the principal's behalf.
Example: Under the law of agency, agents must be loyal to their employers. Therefore broker Roberts submits to employer Davis all offers on property.
