Agency

Agency,

Definition of Agency:

  1. Action or intervention, especially such as to produce a particular effect.

  2. A business or organization established to provide a particular service, typically one that involves organizing transactions between two other parties.

  3. Fiduciary relationship between two parties in which one (the agent) is under the control of (is obligated to) the other (the principal) . The agent is authorized by the principal to perform certain acts, for and on behalf of the principal. The principal is bound by the acts of the agent, performed in carrying out entrusted duties and within the scope of agents authority. An agency can be created by (1) express agreement, whether oral or written, (2) implication, based on the custom or practice of the trade, or (3) conduct of the principal. Under the legal doctrine of estoppel, the principal is prohibited from denying the existence of a properly constituted agency. Creation of agency is essential to commercial and financial transactions, because an organization (as a legal entity) can function only through its agents.

  4. The office or function of an agent.

Synonyms of Agency

Business, Organization, Company, Firm, Office, Bureau, Concern, Service, Action, Activity, Agent, Agentship, Antecedent, Assignment, Atelier, Authority, Authorization, Barbershop, Barter, Bartering, Beauty parlor, Beauty shop, Bench, Brevet, Brokerage, Butcher shop, Buying and selling, Care, Cause, Change, Channel, Charge, Commission, Commissioning, Commitment, Commutation, Company, Concern, Conduct, Consignment, Corporation, Cure, Dealing, Delegated authority, Delegation, Deputation, Deputyship, Desk, Determinant, Device, Devolution, Devolvement, Direction, Displacement, Doing business, Driving, Embassy, Empowerment, Energy, Entrusting, Entrustment, Errand, Establishment, Exchange, Execution, Executorship, Exequatur, Exercise, Expedient, Facility, Factorship, Firm, Force, Full power, Functioning, Gear, Give-and-take, Going between, Handling, Horse trading, House, Installation, Institution, Instrumentality, Instrumentation, Intercession, Interchange, Intermediation, Intervention, Jobbing, Jurisdiction, Legation, License, Lieutenancy, Loft, Machinery, Management, Mandate, Manipulation, Means, Mechanism, Mediation, Medium, Merchandising, Ministry, Mission, Occupation, Office, Operancy, Operation, Organ, Organization, Parlor, Performance, Performing, Plenipotentiary power, Power, Power of attorney, Power to act, Practice, Procuration, Proxy, Purview, Quid pro quo, Recourse, Regency, Regentship, Replacement, Representation, Resort, Responsibility, Retailing, Running, Service, Shop, Steering, Studio, Subrogation, Substitution, Supersedence, Superseding, Supersedure, Supersession, Supplantation, Supplanting, Supplantment, Swapping, Sweatshop, Switch, Task, Tit for tat, Trade, Trading, Trafficking, Trust, Trusteeship, Vehicle, Vicarious authority, Vicariousness, Warrant, Wheeling and dealing, Wholesaling, Work, Work site, Work space, Workbench, Workhouse, Working, Working space, Workings, Workplace, Workroom, Workshop, Worktable, Action, Activity, Effect, Influence, Force, Power, Work

How to use Agency in a sentence?

  1. If you are starting a business it is important that it passes all government agency guidelines so that you dont get in trouble.
  2. Some businesses may hire an agency to check up on them from time to time to make sure everything is going smoothly.
  3. An advertising agency.
  4. The United States Ambassador, with the agency granted to him by the President, was allowed to discuss modifications to the deal with the foreign country, but he could not actually make those modifications without approval.
  5. Canals carved by the agency of running water.

Meaning of Agency & Agency Definition

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Agency,

Agency: What is the Meaning of Agency?

  1. Agency refers to An office that sells insurance. It can target property and life insurance, life insurance and health insurance or both. It could be an independent entity or an insurance subsidiary.

  2. An agency is an organization that operates on behalf of another party called the principal. In the insurance industry, insurance agents sell policies from insurers. First users are allowed to search and write policies. The agency is paid for this service by a broker.

  3. An organization that seeks insurance for one or more carriers and can perform other tasks, such as policy issuance and claim adjustment.

  4. A company that provides specific services to a company (outside the country where the agency is located). The dependent agent is a permanent resident of another company and the revenue generated by that agency, unlike the independent agent, is levied on the revenue of the state in which the agent is headquartered.

Meanings of Agency

  1. A company or organization set up to provide certain services, usually services that arrange transactions between two other parties.

  2. A process or intervention specifically to achieve a particular effect.

  3. Agent's position or job.

Sentences of Agency

  1. The rivers were dug by the river authorities

Synonyms of Agency

bureau , department , office , firm , company

Agency,

What is The Definition of Agency?

  1. A simple definition of Agency is: An office that sells insurance. It can target property and liability insurance, life insurance and health insurance, or both. It can be an independent or subsidiary of an insurance company.

  2. An agency is an agent acting on behalf of another party, known as Pearl. In the insurance industry, insurance agents sell policies from insurers. First customers are allowed to search and write policies. The agency charges the broker for this service.

  3. A simple definition of Agency is: An organization that seeks insurance for one or more carriers and can perform other tasks such as policy issuance and claims adjustment.

  4. You can define Agency as, A company that provides personal services to a company (located outside the country where the agency is located). A dependent agent is a permanent resident of another company, and the income generated by that agency, unlike an independent agent, is taxed on the income of the country in which the agent resides.

Meanings of Agency

  1. A company or organization that provides certain services on behalf of another company, person or group.

Sentences of Agency

  1. Canals dug by river authorities.

Synonyms of Agency

auspices, technique, route, branch, interposing, mode, aegis, involvement, good offices, representative, arbitration

Agency,

What is The Definition of Agency?

  1. An office that sells insurance. It can focus on property and liability insurance, life insurance and health insurance, or both. It can be an independent or subsidiary of the insurance company.

  2. Definition of Agency: A company that provides specific services to a company (outside the country where the agency is located). The dependent agent is a permanent resident of the other company and the income earned through that agent, unlike the independent agent, is taxed on the income of the country where the agent resides.