Define: Agency

UK Accounting Glossary

Definition: Agency


Quick Summary of 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.



What is the dictionary definition of Agency?

Dictionary Definition


legal: a person acting on behalf of another person


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Synonyms For Agency


office, authority, organisation, bureau, body


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/agency/
Modern Language Association (MLA):
Agency. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. February 28, 2020 https://payrollheaven.com/define/agency/.
Chicago Manual of Style (CMS):
Agency. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/agency/ (accessed: February 28, 2020).
American Psychological Association (APA):
Agency. PayrollHeaven.com. Retrieved February 28, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/agency/

Definition Sources


Definitions for Agency are sourced/syndicated and enhanced 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.