Construction Loan Interest Rates. Understanding mortgage and construction loan interest rates can be confusing. In order to build a house you will need both a construction loan and a mortgage loan. The term of your construction loan is either one year or when your home is complete.
agency noun (ORGANIZATION). B1 [C] a âbusiness that ârepresents one âgroup of âpeople when âdealing with another âgroup: an âadvertising/âemployment/âestate/âtravel agency C1 [C] a âgovernment âorganization: an âoverseas âaid agency the Central Intelligence Agency.
A government agency may be established by either a national government or a state government within a federal system. The term is not normally used for an organization created by the powers of a local government body.Agencies can be established by legislation or by executive powers.lso, most of the 50 U.S. states have created similar government agencies. The term government agency or administrative agency usually applies to one of the independent agencies of the United States government, which exercise some degree of independence from the President's control.