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 rate of restoration of body weight after burn injury using the anabolic agent oxandrolone, is not age dependent.
In September, netball player Megha Chaudhary tested positive for the same anabolic agent but was let off by an anti-doping disciplinary panel, which attributed the positive result to contraceptive tablets that Chaudhary had taken.
In the future, the use of mass spectroscopy and liquid chromatography testing may help catch more of the athletes who are abusing anabolic agents.
The rider in question is on a medical prescription which means he takes a substance as an anabolic agent to sustain whatever problem he has and to maintain his own health to a high standard.
The ban, prompted by a study which found traces of anabolic agent residues in consignments of supposedly hormone-free beef imports, was originally due to come into effect on June 15.
Detection of the residues of anabolic agent administration for long times after the administration requires not only sensitive analytical techniques and appropriate timing of specimen collection but also selection of an appropriate long-lived metabolite [3].
The 28-year-old Contador tested positive for the banned anabolic agent clenbuterol on day two, July 21, of last year's Tour, but has maintained his innocence, claiming the substance was in some contaminated meat.
The 'A' sample of Mr Wanniarachchi, who took the gold medal in the bantamweight competition on October 13, was found to contain 19-norandrosterone, a prohibited anabolic agent under category S1 of the WADA list of prohibited substances and methods.
Yadav, who finished sixth in 1 hour, 42 minutes, 54 seconds in the 20km walk held on October 9 on Central Delhi streets, tested positive for prohibited anabolic agent 19-Norandrosterone.
The commission heard a third case Sunday, involving Polish canoeist Adam Seroczynski who tested positive for clenbuterol, a prohibited anabolic agent.
The OVX and sham surgery mice were each separated into treatment groups to receive one of the following: twice weekly injections of RAP-661, the bone anabolic agent parathyroid hormone (PTH), the antiresorptive agent zoledronate, or placebo.
He would have to prove his innocence to escape a minimum ban of probably two years because testosterone is an anabolic agent, which some athletes inject into the body in an effort to illegally improve their sporting performance.