Business and Personal Finance Dictionary

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• AGENT
  
  A person or institution that handles business and financial transactions between two other people, or between a person and an institution, is described as an agent. The person or institution that authorizes the action is the principal. For example, a brokerage firm employee who acts on your order to buy or sell stock is your agent in that trade, and you are the principal. Agents, particularly those working for brokerage firms, may also be referred to as financial consultants, account executives, registered representatives, or investment executives.
  
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