agency
Definition 1
Name for the arrangement where an agent intermediates between buyers and sellers and charges a commission for his participation. The agent buys and sells for the account of the client, but the client assumes all risk.
Definition 2
More generally, the relationship between a principal and an agent.
Name for the arrangement where an agent intermediates between buyers and sellers and charges a commission for his participation. The agent buys and sells for the account of the client, but the client assumes all risk.
Definition 2
More generally, the relationship between a principal and an agent.
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