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Agency |
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AgencyA relationship created when one person (the principal) delegates to another (the agent) the fight to act on his or her behalf in business transactions.AgencyA business operated by an agent in conjunction with his/her principal.Similar MatchesAgency basisAgency basisA means of compensating the broker of a program trade solely on the basis of commission established through bids submitted by various brokerage firms. Agency costsAgency costsThe incremental costs of having an agent make decisions for a principal. Dual AgencyDual AgencyThe representation of opposing principals (buyer and seller) at the same time. In brokerage many states get around this by saying that the agent aids the buyer but is the agent of the seller only. A problem arises if both buyer and seller pay the broker, Then full disclosure must be made. An escrow agent is the agent of buyer and seller and usually paid by both. This is why an escrow agent must be neutral. Federal agency securitiesFederal agency securitiesSecurities issued by corporations and agencies created by the US government, such as the Federal Home Loan Bank Board and Ginnie Mae. Agency closingAgency closingThe process in which a lender uses a title company or other firm as an agent to complete a loan. Further SuggestionsAgency securitiesAgency theory Sole importing agency Administrative agency Mercantile agency Fiscal agency services Agency incentive arrangement credit reference agency Multilateral Investment Guarantee Agency (MIGA) federal agency security agency securities Credit reference agency Fiscal agency agreement Agency bank Contributions Agency Central Intelligence Agency Agency cost view Federal agency bond Agency problem Benefits Agency |
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