agency

Final

Fiduciary relationship between two parties in which one (Agent) is under the control of (is obligated to) the other (Principal).
Note 1: The agent is authorized by the principal to perform certain acts, for and on behalf of the principal.
Note 2: The Principal is the person from whom an agent's authority derives.
[ANSI/ASIS INV.1-2015]

Created By: Shelly Martin 14 May, 2018