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 ?
If FILP agency bonds have been the central financing measure of FILP agencies, it would be inevitable for many FILP agencies to be unable to obtain sufficient funds in the markets.
Wall Street pros also love the fact that agency bonds give you a bit more zip for the buck.
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.
Thomas Gira, Executive Vice President, FINRA Market Regulation, said, "FINRA is committed to ensuring that customers who purchase and sell securities, including corporate and agency bonds, receive fair prices.
That's why investors holding agency bonds already receive a significant risk premium over Treasuries.
So he says KCTCS leaders recommended issuing agency bonds for up to 75 percent of project costs.
A unique aspect of this defeasance was the use of Agency for International Development (AID) bonds that saved The Groves $100,000 on the cost of the defeasance compared to a portfolio of traditional agency bonds, such as Fannie Mac and Freddie Mac securities.
In addition, 24 public institutions under the program also plan to issue FILP agency bonds to raise 6,226.
The success of these direct and quasi-government agencies spills over into many large businesses ancillary to the mortgage business--most notably the country's solid banking system by virtue of increased local home lending and investments in agency bonds sold by the Maes.
First, the issuance of zaito agency bonds, which is the key to successful zaito reform, may be disrupted.
Instead, Williams Capital works with more plain-vanilla financial instruments, such as corporate and agency bonds and securities on the fixed-income side.
You can also buy government agency bonds that have slightly higher yields--although these come with a small amount of risk.