AGENCY COSTS Definition

AGENCY COSTS is the incremental costs of having an Agent make decisions for a principal.

Learn new Accounting Terms

CONSULAR DECLARATION is a formal statement to the consul of a foreign country declaring the merchandise to be shipped.

EFFECTIVE INTEREST RATE is the cost of credit on a yearly basis expressed as a percentage. Includes up-front costs paid to obtain the loan, and is, therefore, usually a higher amount than the interest rate stipulated in the note.

Suggest a Term