agency

agency definition - business

agency

  1. A relationship between an agent and a principal in which the agent acts for and represents the principal on the basis of the principal's instructions.
  2. A security issued by a federal agency or federally sponsored corporation. See also federal agency security, federally sponsored corporate security.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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