agency
n.
franchise; bureau; office; means of action, method
Agency
Agency
(n.)
The place of business of am agent.
(n.)
The office of an agent, or factor; the relation between a principal and his agent; business of one intrusted with the concerns of another.
(n.)
The faculty of acting or of exerting power; the state of being in action; action; instrumentality.
Webster's Revised Unabridged Dictionary (1913), edited by Noah Porter.
About
agency
noun
(a) action of causing something to happen; the disease develops through the agency of certain bacteria present in the bloodstream
(b) office, organization which provides nurses for temporary work in hospitals, clinics, in private houses
QUOTE:the cost of employing agency nurses should be no higher than the equivalent full-time staff Nursing Times
QUOTE:growing numbers of nurses are choosing agency careers, which pay more and provide more flexible schedules than hospitals American Journal of Nursing
Agency
In context of general equities, buying or selling for the account and
risk of a customer. Generally, an agent, or
broker, acts as intermediary between buyer and seller, taking no financial risk personally or as a firm, and charging a commission for the service. The broker represents a customer buyer/seller to a customer seller/buyer and does not act as
principal for the firm's own
trading account. Antithesis of
principal. See:
Dealer.