Related Words

Agency Costs: The incremental costs of having an agent make decisions for a principal.

Agency Cost View: The argument that specifies that the various agency costs create a complex environment in which total agency costs are at a minimum with some, but less than 100%, debt financing.

Market Impact Costs: The result of a bid/ask spread and a dealer's price concession. Also called price impact costs.

Law Of Agency: A fiduciary relationship is created under the law of agency when a property owner, as the principal, executes a listing agreement or management contract authorizing a licensed real estate br . . . View Full Definition

Landed Costs: The total costs involved when importing goods. They include buying, shipping, insuring and associated taxes.

Market Timing Costs: Costs that arise from price movement of a stock during a transaction period but attributable to other activity in the stock.

Mercantile Agency: An organization that supplies credit ratings and reports on firms that are prospective customers.

Open-Buyer-Agency-Agreement: This agreement is a nonexclusive agency contract between a broker and a buyer. It permits the buyer to enter into similar agreements with an unlimited number of brokers. The buyer is obligat . . . View Full Definition

Non-Recurring Adoption Costs: One time adoption expenses, which may be at least partially reimbursed by states up to a maximum amount to families adopting children with special needs. Allowable expenses for this reimburs . . . View Full Definition

Mutual Agency: The right of all partners in a partnership to act as agents for the normal business operations of the partnership, with the authority to bind it to a business agreements.