Terminology Database

Term | agency

Glossary Definitions

No glossary definitions have been submitted for this item.

Dictionary Definitions

  • n., 1. A fiduciary relationship created by express or implied contract or by law, in which one party (the agent) may act on behalf of another party (the principal) and bind that other party by words or actions. 2. An agent’s place of business. 3. A governmental body with the authority to implement and administer particular legislation. [Black’s Law Dictionary, 8th ed. c2004]
  • n., 1. A fiduciary relationship in which a person or entity act, by mutual consent, for the benefit of another and bind the other party by words or deeds. 2. A governmental body with the legal authority to administer and implement specific legislation. [Webster’s New World Law Dictionary. c2006]
  • n., A relationship existing between two persons. One, called the agent, is legally considered to represent the other, called the principal, in a way which affects the principal’s legal position in relation to third parties. [The Dictionary of Canadian Law, 3rd ed. c2004]
  • n., An administrative body having the delegated authority to act competently on behalf of a higher body. Every agency is a juridical person, composed of juridical persons. See also: corporate body; organization.