AGATE. The cap for the pivots of the compass-cards, formed of hard siliceous stone, a chalcedony or carnelian, &c.
AGAVE. The American aloe, from which cordage is made; similar to the piña of Manila. The fruit also, when expressed, affords the refreshing drink "pulque."
AGE. In chronology, a period of a hundred years.—Ship's age, one of the stipulations of contracts at Lloyd's.—Age of the moon, is the interval of time or number of days elapsed since the previous conjunction or new moon.
AGENCY. Payment pro operâ et labore, fixed by the prize act at five per cent. as a fair average, but it gives nothing where the property is restored; in such cases it is usual for the agent to charge a gross sum.
AGENCY, NAVAL. A useful class of persons, who transact the monetary affairs of officers, and frequently help them to the top branches of the profession. They are paid for their services by a percentage of 21⁄2.
AGENT. In physics, expresses that by which a thing is done or effected.—Navy agent is a deputy employed to pass accounts, transact business, and receive pay or other monies, in behoof of the officers and crew, and to apply the proceeds as directed by them.—Agent victuallers, officers appointed to the charge of provisions at our foreign ports and stations, to contract for, buy, and regulate, under the authority of the commissioners of the navy. (See [Negligence].)—Prize agent, one appointed for the sale of prizes, and nominated in equal numbers by the commander, the officers, and the ship's company.
AGENTS TO LLOYD'S. See [Lloyd's Agents].
AGGRESSION. The first act of injury in provoking warfare.
AGIO. An Italian word, applied to denote the profit arising from discounting bills; also the difference between the value of bank-stock and currency.
AGISTMENT. An embankment against the sea or rivers, or one thrown up to fence out a stream.