Delegacy
Part of speech: noun
Definition: The position or state of being a delegate. A collection of delegates.
Agency
Part of speech: noun
Definition: The faculty of acting or of exerting power; the state of being in action; action; instrumentality.The office of an agent, or factor; the relation between a principal and his agent; business of one entrusted with the concerns of another.The place of business of an agent.A bond issued by a US government-backed entity, such as Fannie Mae.
Example sentence: I wanted to learn how the business worked. I wanted to see how people got drafted, how players got traded, how they got picked up in free agency, how the salary cap worked, how do you manage an organization, how do you negotiate contracts. The Bulls gave me an excellent opportunity to answer all the questions that I wanted to ask.