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Without Reserve |
Also found in: Legal | 0.01 sec. |
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Without Reserve The grant of unlimited authority to an agent, at least within certain limits. For example, an agent with the authority without reserve to buy a house for the principal does not need to seek the principal's final approval and may simply buy a house. See also: Agency problem. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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