Definition

Agent / Agency Agreement

Agent / Agency Agreement: An agent is an independent person or legal entity that acts on behalf of another (the “principal”).

Share it:  Cite

More from this Section

  • Modified life policy
    Modified life policy means whole life policy for which premiums are reduced for the first ...
  • Bank run (bank panic)
    Bank run (bank panic) is a series of unexpected cash withdrawals caused by a sudden decline ...
  • Point of sale debit cards (POS)
    Point of sale debit cards(POS) is the electronic transfer of funds initiated from the ...
  • FOREX
    FOREX is the foreign currencies and foreign-currency-denominated deposits offered by international ...
  • Federal Reserve Bank
    Federal Reserve Bank is a quasi-public institution created in 1913 by the Federal Reserve ...