A bond not fully backed by the US government.

When an entity is made agent to act on anothers behalf.

When an agent is appointed but not officially. AKA presumption of agency. Refer to partnership by estoppel.

When one party makes decisions for another. It is because the other party cannot make the decisions.

When an agent is chosen by accepting their unauthorized acts.

A CAPTIVE, owned by one or more INSURANCE AGENTS, which is used to write insurance cover for a large number of third party clients. See also GROUP CAPTIVE, PROTECTED CELL COMPANY,PURE CAPTIVE,

The cost of being an agent. AKA agency risk.

A report describing the agency costs. The cost is usually incermental. If a client is in debt the cost is very low.

Direct and indirect costs arising from the separation of ownership (i.e., COMMON STOCK shareholders) and control (i.e., DIRECTORS and managers) that ultimately lead to a reduction in ENTERPRISE VALUE. Agency costs can

When a signer must pay for negotiations to the instrument.

An agency of the US government that manages foreign economic assistance programs.

A management fee added on top of the service fees.

When an advertising agency can buy space for the advertiser.

Payments made between government agencies for services exchanged. They are not on the budget.

When an abuse of power is used to benefit the agent not the company.

The loss that occurs when an agent abuses power to benefit themselves. AKA agency cost.

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

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

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

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