agent

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Related to chemical agent: biological agent, Chemical warfare agent

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 ?
[] Chemical Biological Mass Spectrometer Block II (CBMS II)--CBMS II provides detection of persistent chemical agents (nerve and blister) and TICs on the ground.
Harassing agents, commonly referred to today as nonlethal agents, are defined as chemical agents that produce a temporary disablement on an individual.
In doing so, they unknowingly exploded rockets containing chemical agents, possibly exposing themselves and other troops to low levels of those agents.
During the 1990s, ECBC (then known as the Edgewood Research, Development, and Engineering Center) made great strides in remote chemical agent detection.
The source, who spoke on condition of anonymity, said between four and five members came into contact with chemical agents while searching a group of rebel tunnels in the Damascus suburb of Jobar over the weekend.
These results are consistent with earlier studies conducted by NATO using live chemical agents (soman, and VX) that demonstrated self-decontamination activity in time frames as little as less than an hour.
Caption: An interdisciplinary team of ECBC scientists and engineers receives data on a simulated chemical agent release and direct unmanned aerial and ground vehicles carrying sensors to intercept and identify the release.
Sulphur mustard is a Class 1 chemical agent, which means it has very few uses outside chemical warfare.
It is the premature embrittlement and subsequent cracking of a plastic due to the simultaneous and synergistic action of stress and contact with a chemical agent. Because of the frequency and severity of ESC failure, it has been nicknamed "the plastic killer" (see, for example, Figure 7).
MSF's programme manager for Syria, Pablo Marco, said that while MSF could provide no laboratory evidence that would determine the cause of the family's symptoms, "the patients' clinical symptoms, the way these symptoms changed over time, and the patients' testimony about the circumstances of the poisoning, all point to exposure to a chemical agent."
The chemical agent had been delivered with mortar or artillery shells, said the spokesman, who did not say who was suspected of carrying out the attack.
The agents added they were almost certain that the (http://www.ibtimes.co.uk/articles/501233/20130824/syrian-tv-gas-attack.htm) chemical agent used was the nerve gas sarin .

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