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.
The catch with individual agency bonds is the amount you have to scrape together--around $5,000, says George Benigno, an analyst at the Institute for Econometric Research in Deerfield Beach, Florida.
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.
Foreign central banks actually increased their purchases of Treasury bonds and notes and government agency bonds in July.
NEW YORK, April 27 /PRNewswire/ -- The "AA+" general obligation rating of the state of California, as well as "AA" ratings assigned to certain state agency bonds, have been placed on Fitch Alert with negative implications.
Government and agency bonds, which are carried at book value on the balance sheet.
government agency bonds, mortgage securities, and emerging market securities.
29 Federally sponsored agency bonds, gross sales by
5 million in agency bonds to pay for a host of expansion projects at Kentucky's community and technical colleges.
LLC $1 million and ordered $188,000 in restitution plus interest for failing to provide best execution in certain customer transactions involving corporate and agency bonds, and failing to provide a fair and reasonable price in certain customer transactions involving municipal bonds.
high-grade corporate bonds, European bonds, high yield and emerging markets bonds, agency bonds, asset-backed and preferred securities and credit default swaps.
Among its offerings is the broker-dealer and investment adviser firm's trading opportunities program, which allows credit unions to purchase government agency bonds and capture some of the concession paid on these new issues.