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A Subagent Is an Agent of Both the Principal and the Agent

question 74

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A subagent is an agent of both the principal and the agent.


Definitions:

Yield To Maturity

The total return anticipated on a bond if it is held until its maturity date, including all interest payments and capital gains or losses.

Rate Of Return

Profitability or loss incurred from an investment within a fixed period, quantified as a percentage of the investment's buying cost.

Credit Default Swap

A financial derivative allowing an investor to "swap" or offset their credit risk with that of another investor.

CDS

CDS stands for Credit Default Swap, a financial derivative allowing an investor to "swap" or offset their credit risk with that of another investor.

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