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agency

   Also found in: Dictionary/thesaurus, Legal, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.12 sec.
Agency
In context of general equities, buying or selling for the account and risk of a customer. Generally, an agent, or broker, acts as intermediary between buyer and seller, taking no financial risk personally or as a firm, and charging a commission for the service. The broker represents a customer buyer/seller to a customer seller/buyer and does not act as principal for the firm's own trading account. Antithesis of principal. See: Dealer.
agency
1. A security issued by a federal agency or federally sponsored corporation. See also federal agency security, federally sponsored corporate security.
2. A relationship between an agent and a principal in which the agent acts for and represents the principal on the basis of the principal's instructions.
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