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Agency
AgencyAn account between two broker/dealers that remains intact 30 days after the settlement date. RELATED TERMS-------------------------------------- Account 1) In the context of bookkeeping, refers to the ledger pages upon which various assets, liabilities, income, and expenses are represented. 2) In the context of investment banking, refers to the status of securities sold and owned or the relationship between parties to an underwriting syndicate. 3) In the context of securities, the relationship between a client and a broker/dealer firm allowing the firm's employee to be the client's buying and selling agent. Settlement When payment is made for a trade. SIMILAR TERMS-------------------------------------- Agency bank In context of general equities, buying or selling for the account and risk of a customer. Agency basis A form of organization commonly used by foreign banks to enter the US market. An agency bank cannot accept deposits or extend loans in its own name; it acts as agent for the parent bank. Agency cost view A means of compensating the broker of a program trade solely on the basis of commission established through bids submitted by various brokerage firms. Agency costs The argument that specifies that the various agency costs create a complex environment in which total agency costs are at a minimum with some, but less than 100%, debt financing. Agency incentive arrangement The incremental costs of having an agent make decisions for a principal. Agency pass-throughs A means of compensating the broker of a program trade using benchmark prices for issues to be traded in determining commissions or fees. Agency problem Mortgage pass-through securities whose principal and interest payments are guaranteed by government agencies, such as the Government National Mortgage Association (Ginnie Mae), Federal Home Loan Mortgage Corporation (Freddie Mac), and Federal National Mortgage Association (Fannie Mae). Agency securities Conflicts of interest among stockholders, bondholders, and managers. Agency theory Securities issued by federally related institutions and U.S. government-sponsored entities. Agenda de Inversiones, S.A. SICAV Agenda de Inversiones, S.A. SICAV is a Spanish company listed at Madrid Stock Exchange. Its business activity is capital investment. AGENIX Limited AGENIX Limited is a large Australian company in the field of diversified financials. Their Australian Stock Exchange (ASX) code is AGX. Agent The analysis of principal-agent relationships, in which one person, an agent, acts on behalf of another person, a principal. PREVIOUS AND NEXT TERMS-------------------------------------- After-tax real rate of return The ratio of net income to net sales. Against actuals The after-tax rate of return minus the inflation rate. Age admitted Is a commodity market transaction whereby futures are exchanged or transferred against a cash position. Age allowance A term used in life assurance policy documents, indicating that the assured has proven his/her age by showing a birth certificate to the insurance company. Aged fail An additional personal allowance and additional married couple's allowance for people aged 65 to 74 which reduces their income tax. Agency Agency bank In context of general equities, buying or selling for the account and risk of a customer. Agency basis A form of organization commonly used by foreign banks to enter the US market. An agency bank cannot accept deposits or extend loans in its own name; it acts as agent for the parent bank. Agency cost view A means of compensating the broker of a program trade solely on the basis of commission established through bids submitted by various brokerage firms. Agency costs The argument that specifies that the various agency costs create a complex environment in which total agency costs are at a minimum with some, but less than 100%, debt financing. Agency incentive arrangement The incremental costs of having an agent make decisions for a principal. We thank you for using the Financial Dictionary to search for Agency. If you have a better definition for Agency than the one presented here, please let us know by making use of the suggest a term option. This definition of Agency may be disputed by other professionals. Our attempt is to provide easy definitions on Agency and any other medical topic for the public at large.
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