| |
 |
|
Name for the arrangement where an agent intermediates between buyers and sellers and charges a commission for his participation. The agent buys and sells for the account of the client, but the client assumes all risk. - More generally, the relationship between a principal and an agent.
This Glossary is provided by www.InvestorWords.com
Copyright©1997-2008 by WebFinance Inc. All Rights Reserved.
|
|
|
|
|
|
|
|