A formal relationship established through a mutual agreement between the principal and the agent where the agent is authorized to act on behalf of the principal.
A comprehensive overview of an agent, including types, roles, historical context, mathematical models, and applicability across various domains.
A comprehensive overview of Credit Rating Agencies (CRAs), their functions, historical context, key events, importance, applicability, and much more.
An Exclusive Seller Agency refers to a real estate agent who is contracted to represent the seller's interests exclusively in a property transaction, ensuring dedicated advocacy and specialized services tailored to the seller's needs.
A body set up to provide credit to export customers or guarantees of credit granted by exporters. Often subsidized, ECAs play a crucial role in international trade by offering below-market interest rates or premiums for guarantees.
Principal refers to the sum on which interest is paid in finance and to a person who gives authority to another to act as an agent in agency relationships.
Exploring the concept of agency in general terms, finance, government, investments, and personnel.
A Bureau is a specific department, agency, or office within a larger organization, often governmental, tasked with particular duties and responsibilities.
Implied Agency occurs when the words and actions of the parties indicate that there is an agency relationship.
A Power of Attorney (POA) is a legal document that grants one individual the authority to act on behalf of another person in legal and financial matters.
A third-party sale involves a transaction where an agency acts as an intermediary between a buyer and a seller. This entry explores the intricacies of third-party sales, their applications, and related terms such as listing broker.
