A problem arising from the conflict of interested created by the separation of management from ownership (the stockholders) in a publicly owned company.
Agencies is a term used to describe two types of bonds: (1) bonds issued or guaranteed by U.S. federal government agencies; and (2) bonds issued by government-sponsored enterprises (GSEs)—corporations created by Congress to foster a public purpose, such as affordable housing. The bulk of all agency bond debt—GSEs and Federal Government agencies—is issued by the Federal Home Loan Banks, Freddie Mac, Fannie Mae and the Federal Farm Credit banks. GSEs are not backed by the full faith and credit of the U.S. government, unlike U.S. Treasury bonds. Agency bonds are very secure, essentially backed by the full faith and credit of the US government. Because of their government affiliation, agency bonds are very secure, essentially backed by the full faith and credit of the U.S. DEFINITION of 'Agency Cost Of Debt'. A problem arising from the conflict of interested created by the separation of management from ownership (the stockholders) in a publicly owned company. Invest in Federal Agencies with Government Bonds. You can buy various securities issued by government-sponsored and government-owned corporations that--strictly speaking--are not actually a part of the U.S. government. These agencies are affiliated with, but separate from, BREAKING DOWN 'Agency Bond'. These bonds do not include those issued by the U.S. Treasury or municipalities. They include such agencies as Fannie Mae, Freddie Mac, Sallie Mae and the Federal Home Loan Banks. Sometimes a collection agency will agree to collect the debt in exchange for a fee or for a percentage of the money collected as payment. Other times a third party will purchase your debt from the creditor for less than you owe and then attempt to collect the full amount. DEFINITION of 'Agency Bond'. A bond issued by a government agency. These bonds are not fully guaranteed in the same way as U.S. Treasury and municipal bonds.
http://www.finra.org/investors/agency-securities http://www.investinginbonds.com/learnmore.asp?catid=9&subcatid=94 http://news.morningstar.com/classroom2/course.asp?docid=5482&page=2 http://www.investopedia.com/terms/a/agency-cost-of-debt.asp http://news.morningstar.com/classroom2/course.asp?docid=5482&page=2 http://www.investopedia.com/terms/a/agencybonds.asp https://www.debt.org/credit/collection-agencies/ http://www.investopedia.com/terms/a/agencybonds.asp
what is agency debt