| Financial-Dictionary.org Financial jargon revealed... |
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| Definition Of: |
AGENCY
A legal relationship in which one person or organization is authorized to act in behalf of another, who is called a "PRINCIPAL".
A governmental subdivision incorporated to perform a public service. May or may not have taxing authority. Most bond issuing agencies pledge only specific revenues to the repayment of bonds which they issue. (Such as Tennessee Housing Development Agency bonds which are payable solely from revenues received from their mortgage portfolio.) See also authority.
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BASSAM Finance Dictionary INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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1 2 3 4 5 6 7 8 9 10 A: Page 1 of 10.
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