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 ?
"We are excited to partner with Camunda to offer customers a lightweight, highly flexible, open source platform for their workflow automation needs," said Somit Kapoor, Head of Enterprise Operations Transformation, Wipro Limited.
Technically speaking, it is a workflow tool, but it is a workflow tool purpose-built with the intent to simplify machine learning workflows.
Theoretically, the analyzer to be proposed in this paper is based upon the theory of the information control net modeling methodology, whereas [26] presented a tool of workflow process analyzer based upon the theory of Petri net modeling methodology, which is named as Yasper as a tool for modeling, analyzing and simulating workflow systems, based on Petri nets.
- Workflow level inventory helps enable users to apply a workflow to inventory that they have access to, allowing for the reuse of deployment workflows across datacenters, environments and teams.
Choosing a type of workflow is carried out according to Figure 3.
A workflow that gives me the top 5 news items from a series of pre-selected technology news sites.
Several free white papers are available on workflow automation.
The product will help to improve productivity and is a powerful tool to route schedules and integrate workflows.
According to (http://appleinsider.com/articles/17/04/03/apple-refunding-users-who-purchased-workflow-after-acquiring-app-developers) Apple Insider , the changes to Workflow come just less than two weeks since Apple finalized the acquisition of the app and its three-person development team last month.
Nativ also partnered with other workflow companies such as Aspera and Telestream.
Since the late 1990s, media companies and broadcasters have been searching for the elusive media factory, an all-encompassing workflow where media files enter and thousands of versions exit with little or no labour required.
Accusoft (accusoft.com), a provider of document and imaging tools, has launched OnTask, customizable, web-based workflow automation software.

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