Legal Dictionary

agency

Legal Definition of agency

Noun

the person or thing through which power is exerted or an end is achieved
a consensual fiduciary relationship in which one party acts on behalf of and under the control of another in dealing with third parties. Also: the power of one in such a relationship to act on behalf of another
the office and function of an agent
the law concerned with the relationship of a principal and an agent
an establishment engaged in doing the business of another: as
an establishment authorized by an insurance company to sell insurance policies and provide services offered by the insurer
an establishment authorized by property owners to find a buyer for their property. Note : Many businesses that use the term agency are not truly agencies as defined in sense
a department or other unit of government created by legislation to administer the law in a particular area of public concern. Also called Administrative Agency

Etymology

agentia

agens

agere

agentis

Pronunciation

Noun

agency (plural agencies)

The faculty of acting or of exerting power; the state of being in action; action; instrumentality.

The superintendence and agency of Providence in the natural world. --Woodward.
The office of an agent, or factor; the relation between a principal and his agent; business of one entrusted with the concerns of another.
The place of business of an agent.
A bond issued by a US government-backed entity, such as Fannie Mae.

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Agensi