Gratuitous agent financial definition of gratuitous agent
An agent who acts without compensation, but who still owes full fiduciary responsibilities to his or her principal.
References in periodicals archive
There is nothing in the purpose section to indicate a public utility in Alberta must act as the gratuitous agent
of a law enforcement agency when asked to do so by the police.
A gratuitous agent
is one who receives no compensation for his or her efforts.