agency

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Related to Agency bond: Eurobond, municipal bond

agency

1. a business or other organization providing a specific service
2. the place where an agent conducts business
3. the business, duties, or functions of an agent
4. one of the administrative organizations of a government

agency

  1. the power of ACTORS to operate independently of the determining constraints of SOCIAL STRUCTURE. The term is intended to convey the volitional, purposive nature of human activity as opposed to its constrained, determined aspects. Although utilized in widely different ways, it is especially central in METHODOLOGICAL INDIVIDUALISM, ETHNOMETHODOLOGY, PHENOMENOLOGY, SYMBOLIC INTERACTIONISM. The importance of human intention (and possibly also FREE WILL) thus emphasized, places the individual at the centre of any analysis and raises issues of moral choice and political capacity The political problematic is expressed by GOULDNER counterposing ‘man on his back’ with ‘man fighting back’ (1973), but the classic essay is Dawe's (1971) ‘The Two Sociologies’.
  2. any human action, collective or structural as well as individual, which ‘makes a difference’ to a social outcome; thus, for GIDDENS (1984), agency is equivalent to POWER. In this way Giddens opposes any simple polarization of'S tructure’ and ‘agency’. This is related to his view that STRUCTURE must be seen as ‘enabling’ as well as ‘constraining’ (see also STRUCTURE AND AGENCY, DUALITY OF STRUCTURE).

Agency

 

a civil law contract under which one party, the agent, binds himself to perform specified legal acts, such as acquisition of property or making payments, in the name and on the account of another party, the principal.

In the USSR, a contract of agency is one of the legal means to secure participation by citizens and organizations in civil turnover, such as conclusion of deals, through the assistance of other persons. The agent’s performance of legal acts with respect to third persons is based on his being given power of attorney. The principal is obligated to pay the agent a fee if this is provided for by law or the contract.

agency

1. A relationship by which one party, usually the agent, is empowered to enter into binding transactions affecting the legal rights of another party, usually called the principal, as, for example, entering into a contract or buying or selling property in his name or on his behalf.
2. An administrative branch of government (federal, state, or local).
References in periodicals archive ?
Additionally, Table 1 suggests two factors for the increase in the ratio of FILP agency bonds issuance over the size of their businesses.
At least for now, agency bonds are less liquid than Treasury bonds.
The event study suggests that MBS purchases in QE1 were crucial for lowering MBS yields as well as corporate credit risk and thus corporate yields for QE1, and Treasuries-only purchases in QE2 had a disproportionate effect on Treasuries and agency bonds relative to MBSs and corporate bonds, with yields on the latter falling primarily through the market's anticipation of lower future federal funds rates.
Wall Street pros also love the fact that agency bonds give you a bit more zip for the buck.
The new rule, approved by the Securities and Exchange Commission in November 2016, will require that firms disclose on retail-customer confirmations the mark-up or mark-down for certain transactions in corporate and agency bonds. FINRA has found that some individual investors pay considerably more than others for similar trades, and believes that providing meaningful and useful pricing information will assist customers in monitoring costs and help enhance investor confidence in the market.
Thomas Gira, executive vice president of FINRA Market Regulation, said, 'FINRA is committed to ensuring that customers who purchase and sell securities, including corporate and agency bonds, receive fair prices.
In the March 2000 benchmark survey, BEA's implied position exceeded the agency bond position by 59 percent.
By assuming that the paydown and redemption patterns of foreign agency bond holdings are similar to those of total agency debt holdings and by knowing the share of total holdings held by foreigners from the benchmark survey, BEA can use the data provided by issuers to estimate the amount of foreign holdings that are liquidated, called, or redeemed in a given quarter.
Private accounts were also big buyers of equities ($22.9 B) and agency bonds ($25.5 B) in June.
Japan International Cooperation Agency (JICA; President: Shinichi Kitaoka) launched on June 14, 2019 Fiscal Investment and Loan Program (FILP) Agency bonds (non-government guaranteed domestic bonds) in two tranches: JPY 10 billion with a 10-year maturity and JPY 10 billion with a 20-year maturity.
MEMBER CREDIT QUALITY: The rating on the Sam Rayburn Municipal Power Agency bonds is driven largely by the credit quality of the members, together with the step-up provisions that mitigate the risk of a payment default, given the limited operating risk of the agency and its contracted energy supply.
Over time, Quandl and ICE Data Services intend to expand this offering to include data on agency bonds, corporate bonds, mortgage-backed securities, equities, mutual funds, options and more.