Agency

Business / Real Estate / Agency: A relationship created when one person, the principal, delegates to another, the agent, the right to act on his or her behalf in business transactions and to exercise some degree of discretion while so acting. An agency gives rise to a fiduciary relationship and imposes on the agent, as the fiduciary of the principal, certain duties, obligations, and high standards of good faith and loyalty.

Other Words for Agency

Agency Noun Synonyms: means, medium, instrumentality, intervention, intercession, action, intermediation, operation, mechanism, force, power, activity, working(s), energy
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Farm Service Agency (FSA)

Business / Agriculture / Farm Service Agency (FSA): One result of the 1994 legislative reorganization of USDA was the consolidation of the ASCS, FCIC and fmha into a single agency, the FSA. This agency is responsible for administering farm income-suppo MORE

Implied Agency

Business / Real Estate / Implied Agency: An agency agreement created by the actions of the parties, and not a stated (written or verbal) agreement. MORE

Ostensible Agency

Business / Real Estate / Ostensible Agency: A form of implied agency relationship created by the actions of the parties involved rather than by written agreement or document. MORE

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