AGENCY Definition

AGENCY is the relationship between a principal and an agent wherein the agent is authorized to represent the principal in certain transactions.

Learn new Accounting Terms

LABOR BUDGET see DIRECT LABOR BUDGET.

DISCOUNT PAPER is securities that are issued at a discount and mature at face, or par value. The difference, rather than coupon payments, represents the interest earned at maturity .

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.

Purchase and download Glossary
Only $9.95