agency Hear it!

agency definition - legal

n

  1. A fiduciary relationship in which a person or entity act, by mutual consent, for the benefit of another and bind the other party by words or deeds. See agent, authority, fiduciary and principal.
  2. A governmental body with the legal authority to administer and implement specific legislation.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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