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principal and agent

См. также в других словарях:

  • principal and agent — two people in a relationship that one carries out a legal action for his deputy …   English contemporary dictionary

  • 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

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