- principal and agent
- two people in a relationship that one carries out a legal action for his deputy
English contemporary dictionary. 2014.
principal and agent
Look at other dictionaries:
Principal-agent problem — In political science and economics, the principal agent problem or agency dilemma treats the difficulties that arise under conditions of incomplete and asymmetric information when a principal hires an agent. Various mechanisms may be used to try… … Wikipedia
Agent (economics) — In economics, an agent is an actor and decision maker in a model. Typically, every agent makes decisions by solving a well or ill defined optimization/choice problem. The term agent can also be seen as equivalent to player in game theory. For… … Wikipedia
agent — n 1: someone or something that acts or exerts power: a moving force in achieving some result 2: a person guided or instigated by another in some action where the heads of departments are the political...agent s of the executive, merely to execute … Law dictionary
principal — prin·ci·pal 1 / prin sə pəl/ adj 1: being the main or most important, consequential, or influential their principal place of business the principal obligor 2: of, relating to, or constituting principal or a principal the principal amount of the… … Law dictionary
Principal (commercial law) — In commercial law, a principal is a person ndash;legal or natural ndash;who authorizes an agent to act to create one or more legal relationships with a third party. This branch of law is called agency and relies on the common law proposition qui… … Wikipedia
agent — A person authorized by another (principal) to act for or in place of him; one intrusted with another s business. Humphries v. Going, D.C.N.C., 59 F.R.D. 583, 587. One who represents and acts for another under the contract or relation of agency (q … Black's law dictionary
agent — A person authorized by another (principal) to act for or in place of him; one intrusted with another s business. Humphries v. Going, D.C.N.C., 59 F.R.D. 583, 587. One who represents and acts for another under the contract or relation of agency (q … Black's law dictionary
principal — adj Chief; leading; most important or considerable; primary; original. Highest in rank, authority, character, importance, or degree. As to principal challenge principal contract principal obligation principal office principal vein, see those… … Black's law dictionary
principal — in the case of a loan, refers to the actual amount borrowed and on which interest is paid. Glossary of Business Terms The remaining balance owed on a loan by a borrower or on a security by its issuer, exclusive of any accrued interest. American… … Financial and business terms
agent — 1) Any person appointed by another (the principal) to act on his or her behalf. See agency relationship 2) In contract law, a person appointed by a principal to negotiate a contract between the principal and a third party. If an agent discloses… … Big dictionary of business and management
