ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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AGENCY is the relationship between a principal and an agent wherein the agent is authorized to represent the principal in certain transactions.
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FISCAL is belonging to the public treasury; or, pertaining to public finance and financial transactions.
STOCK OPTION is a contractual right granted by a company to the named holder of the option the right to purchase the companys stock at a fixed price stated on the stock option within a specified period of time. If the stock option is not exercised within the specified period of time, then the contractual right lapses.