agent

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Agent

A party appointed to act on behalf of a principal entity or person. In context of project financing, refers to the bank in charge of administering the project financing.

Agent

A person who acts on behalf of an organization or another person. Agents have a fiduciary responsibility to act in the best interests of the principal. Common examples of agents include brokers and attorneys. See also: Agency theory, Agency problem, Agency costs.

agent

An individual or organization that acts on behalf of and is subject to the control of another party. For example, in executing an order to buy or sell a security, a broker is acting as a customer's agent.

Agent.

An agent is a person who acts on behalf of another person or institution in a transaction. For example, when you direct your stockbroker to buy or sell shares in your account, he or she is acting as your agent in the trade.

Agents work for either a set fee or a commission based on the size of the transaction and the type of product, or sometimes a combination of fee and commission.

Depending on the work a particular agent does, he or she may need to be certified, licensed, or registered by industry bodies or government regulators. For instance, insurance agents must be licensed in the state where they do business, and stockbrokers must pass licensing exams and be registered with NASD.

In a real estate transaction, a real estate agent represents the seller. That person may also be called a real estate broker or a Realtor if he or she is a member of the National Association of Realtors. A buyer may be represented by a buyer's agent.

agent

a person or company employed by another person or company (called the PRINCIPAL) for the purpose of arranging CONTRACTS between the principal and third parties. An agent generally has authority to act within broad limits in conducting business on behalf of his or her principal and has a basic duty to carry out the tasks involved with due skill and diligence.

An agent or broker acts as an intermediary in bringing together buyers and sellers of a good or service, receiving a flat or sliding scale commission or fee related to the nature and comprehensiveness of the work undertaken and/or value of the transaction involved. Agents and agencies are encountered in one way or another in most economic activities and play an important role in the smooth functioning of the market mechanism. A stockbroker, for example, acts on behalf of clients wishing to buy and sell financial securities; an estate agent acts as an intermediary between buyers and sellers of houses, offices, etc.; while an insurance broker negotiates insurance cover on behalf of clients with an insurance company. A recruitment agency performs the services of advertising for, interviewing and selecting employees on behalf of a company. In addition to the role of agents as market intermediaries, organizational theorists have paid particular attention to the internal relationship between the employees (‘agents’) and owners (‘principals’) of a company See PRINCIPAL-AGENT THEORY.

agent

a person or company employed by another person or company (called the principal) for the purpose of arranging CONTRACTS between the principal and third parties. An agent thus acts as an intermediary in bringing together buyers and sellers of a good or service, receiving a flat or sliding-scale commission, brokerage or fee related to the nature and comprehensiveness of the work undertaken and/or value of the transaction involved. Agents and agencies are encountered in one way or another in most economic activities and play an important role in the smooth functioning of the market mechanism. See PRINCIPAL-AGENT THEORY for discussion of ownership and control issues as they affect the running of companies. See ESTATE AGENT, INSURANCE BROKER, STOCKBROKER, DIVORCE OF OWNERSHIP FROM CONTROL.

agent

One who acts on behalf of a principal in an agency relationship. See agency for an extended discussion.

References in periodicals archive ?
The emulsifying agent should rapidly form a film to prevent the coalescence of the dispersed globules.
External emulsifying agents are surfactants that are used to disperse the pre-formed silicone-alkyd in water.
Additives Offered: adhesion promoters, anti-blocking agents, anti-flooding agents, anti-foaming agents, anti-marring agents, antioxidants, anti-sagging agents, anti-settling agents, catalysts, dispersing agents, driers, emulsifying agents, fillers, flatting agents, light stabilizers, slip aids, surfactants, texturizers, thickening agents, UV absorbers, water treatment chemicals, waxes
The yolk of an egg is a rich source of emulsifying agents, which help suspend fat evenly throughout cooking, hence their importance in making mousses and souffles.
Unique properties in melts, blends and solutions lead to their use as adhesives, emulsifying agents, thermoplastic elastomers, compatibilizers, etc.
Water-based products may also tend to cause build-up on the mold, owing to the surfactants and/or other emulsifying agents used in water-based products.
The emulsifying agents fall into three major categories namely: (1) Cationic, (2) Anionic and (3) Nonionic.
However, the availability of various other emulsifying agents (mono- and di-glycosides, sorbitan esters, sucrose esters, poly glycerol esters of fatty acids and poly glycerol polyricinoleate among others) as substitute of lecithin and increasing prices of raw materials for lecithin are the major restrains in the growth of the global lecithin market.
KSG-360Z: This series' crosslinked elastomer silicone gels are emulsifying agents with an excellent, smooth-skin feel that can be used to produce unique water-in-silicone and water-in-oil products.
Additives Offered: abrasives/anti-skid, anti-marring agents, antioxidants, emulsifying agents, flame retardants, light stabilizers, slip aids, stabilizers, UV absorbers, waxes
Alongside flame retardants and plasticizers, the company's product range includes bonding agents, modifiers, blowing agents, antistatics and emulsifying agents.