Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

AGENCY SECURITY

In the United States, NOTES or BONDS issued by governmentsponsored or governmentguaranteed institutions (e.g., FEDERAL NATIONAL MORTGAGE ASSOCIATION, GOVERNMENT NATIONAL MORTGAGE ASSOCIATION, FEDERAL HOME LOAN MORTGAGE CORPORATION). The securities carry explicit or

AGENCY SHOP CLAUSE

When union members must pay a fee monthly. It is for employees of a company that requires employees to join the union.

AGENCY THEORY

Studying the broker client relationship. It helps get good incentives for both parties. It also reduces disagreements between the two parties.

AGENDA

The order of items discussed in a meeting. The topics must be listed, past knowledge must be heard, and the outcome must be guessed.

AGENT AD LITEM

When one party represents another in court when they cannot be there.

AGENT BANK

A BANK forming part of a SYNDICATE arranging a LOAN for a borrower that is responsible for protecting the interests of all other syndicate banks. The lead bank arranging the loan is

AGENT PROVOCATEUR

When one party convinces another to commit a crime getting that person arrested as well. Similar to accomplice.

AGENTS TECHNOLOGY

A computer program with AI or artificial intelligence that learns and automates processes.

AGENT’S TORT

The nonagent party is liable for their agent’s actions. This is for normal day to day business.

AGGLOMERATION DISECONOMIES

The loss caused by agglomeration. The usual reason is not knowing how the other company works due to it being in an unrelated field.

AGGRAVATING CIRCUMSTANCE

A condition that makes the accused more liable. The more severe punishment is given to cases with brutality. Refer to mitigating circumstance.

AGGREGATE PLANNING

planning for 3 to 18 months only. Manufacturers use this to reduce mixing input in products.

AGGREGATOR

A party that organizes things in to similar groups.

AGGREGATOR MODEL

Ecommerce model that takes information from several similar websites. This helps design a site that will attract customers. Refer to affiliate model.

AGGRESSIVE

Taking greater loss to possibly make a greater profit that does not rely on chance.

AGILE ENTERPRISE

A fast growing firm that changes in a market. It keeps itself competitive. Authority is given to departments to speed up information flow.

AGING

The slow process that changes physical agencies for either the better or the worse.

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