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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.

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.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

agent

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

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
The patient's personal agent could send the personal data, the symptoms and the patient's location to an emergency service agent (a kind of 112 phone service), which in turn could inform the closest available ambulance service to rush to the patient.
The variety of preference-aware interactive applications includes recommender systems (such as Netflix or Amazon.com) that suggest items based on the user's similarity to other users or on previously viewed items, conversational systems that interact with the user in a simplified dialogue to perform a task, interfaces that adapt to the user's preferences and situation, and personal agents that can proactively support the user, modeling his or her needs and desires.
At the heart of the trial is the intelligent personal agent technology developed by BT Exact that can reliably and accurately select information from a range of sources to match a particular user's profile of interests.
And she can instruct her personal agent to alert her if she's been outbid on an item on an Internet auction.
A personal unit consists of a user and his or her personal agents. Each personal agent can help the user by gathering and exchanging information, visualizing contexts, and recommending or assisting the user in making a choice.
In addition, LEXIS-NEXIS has announced the availability of LEXIS-NEXIS InfoTailor, a "personal agent" that automatically brings managers and executives breaking news of importance to them every day.
It was with the agent, a literary agent, not Pitino's personal agent."
Phil used a personal agent based at Hunters Estate Agency in York (www.huntersnet.co.uk) to help him find exactly what he was looking for.
He scripts his personal agent to check the inventory level of PCs every morning and, if there are fewer than 100 on hand, to e-mail a purchase request (or fill out a web-based order form) for approval by his supervisor Bill.
This alerted both the FA and SFA and Wright's personal agent Jerome Anderson was asked about the striker's involvement with the company.
He'll role out that personal agent model on Teesside, and plans to expand his team of 17 further which he says "reflects the confidence we have not only in ourselves, but the market."
Ameyo's Personal Agent Routing from Drishti resolves this problem by ensuring that customers are provided with consistently high quality of service from every interaction.

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