Define: Agency

A relationship between a principal and an agent. In the case of a limited liability company, the shareholder is the principal and the director is the agent.

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Definitions for Agency are sourced/syndicated from:

• A Dictionary of Economics (Oxford Quick Reference)
• BusinessDictionary.com
• Oxford Dictionary Of Accounting
• Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd December 2018.