agency

17 ENTRIES FOUND:

agen·cy

noun \ˈā-jən(t)-sē\

: a business that provides a particular service

: a government department that is responsible for a particular activity, area, etc.

plural agen·cies

Full Definition of AGENCY

1
a :  the office or function of an agent
b :  the relationship between a principal and that person's agent
2
:  the capacity, condition, or state of acting or of exerting power :  operation
3
:  a person or thing through which power is exerted or an end is achieved :  instrumentality <communicated through the agency of the ambassador>
4
:  an establishment engaged in doing business for another <an advertising agency>
5
:  an administrative division (as of a government) <the agency for consumer protection>

Examples of AGENCY

  1. the federal agency in charge of printing money
  2. <the federal agency charged with enforcing laws and regulations regarding the use of firearms>

First Known Use of AGENCY

1640

agency

noun    (Concise Encyclopedia)

In law, a relationship in which one party (the agent) acts on behalf of and under the control of another (the principal) in dealing with third parties. It has its roots in ancient servant-master relations. Agency becomes a legal issue when the agent injures or wrongs a third party. In Anglo-American law, principals are bound by and liable for the acts of such agents as stockbrokers, business agents, contractors, real-estate agents, lawyers, union representatives, managing partners, and private detectives. See also regulatory agency.

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