Agency

Agency
Agency refers to the relationship between two parties where one, the agent, represents or acts on behalf of the other, the principal, in various contexts such as finance, government, investment, and personnel.
Brokerage
Brokerage refers to the business or activity of a broker, which involves facilitating transactions between buyers and sellers in exchange for a commission. This term also refers to the commission earned from such transactions.
Bureau
A particular department, agency, or office, often accompanied by the name of a specific agency, such as the Federal Bureau of Investigation (FBI). Bureaus are typically entities within a larger organization or government body, designed to manage specific types of tasks or responsibilities.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.