agency

Definitions (2)

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.
2. More generally, the relationship between a principal and an agent.

Use agency in a sentence

You may want to bring on another agency to help you with a project if it is to big for your company.

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I worked for the modeling agency for a long time and told them that I wanted more money, or I would find a new one to work for.

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When my brother asked me to help him buy a house in New Jersey, I told him I would do so only under an arrangement of agency where he assumed all the risk.

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OIS Overseas Private Investment Corporation (OPIC)