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.



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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. September 20, 2019 https://payrollheaven.com/define/agency/.
Chicago Manual of Style (CMS):
Agency. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/agency/ (accessed: September 20, 2019).
American Psychological Association (APA):
Agency. PayrollHeaven.com. Retrieved September 20, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/agency/

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