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TeachMeFinance.com - explain General agent historic definition... General agent -- A person appointed to act for another in all his affairs or in all affairs of a particular class. historic accounting definition (British)... General agent -- A general agent is one who has authority conferred upon him to do anything which comes within the limits of the position in which he has been placed by his principal. In this way a general agent occupies a position which is intermediate between that of a special agent, whose duties are strictly limited, and a universal agent, whose duties are altogether unlimited. An example of a general agent is that of a person who is placed in management of a house of business, when he has an implied authority to bind his principal by doing anything which comes within the ordinary scope of the business. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.