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Template:Delegate vs subcontractor: Difference between revisions
→Delegate versus sub-contractor
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===[[Delegate]] versus [[Sub-contract|sub-contractor]]=== | ===[[Delegate]] versus [[Sub-contract|sub-contractor]]=== | ||
''Be warned: There are cleverer people in the world than your correspondent who have challenged this view.'' Let’s call it a ''dissenting judgment'' therefore. Hell, I am a Contrarian aren't I? | |||
====The difference betwixt==== | ====The difference betwixt==== | ||
Delegation, according to a natural definition, means “''to entrust (a task or responsibility) to another person, typically one who is less senior than oneself.''”<ref>{{google2|Define|Delegation}}</ref>. Being ''[[Delegation|delegated]]'' a [[custody]] function — agreeing to act as main [[custodian]] to a [[fund]] on behalf of the [[depositary]] whom the [[fund]] has appointed to carry out that function is a different thing from being appointed as a [[sub-custodian]]. | Delegation, according to a natural definition, means “''to entrust (a task or responsibility) to another person, typically one who is less senior than oneself.''”<ref>{{google2|Define|Delegation}}</ref>. Being ''[[Delegation|delegated]]'' a [[custody]] function — agreeing to act as main [[custodian]] to a [[fund]] on behalf of the [[depositary]] whom the [[fund]] has appointed to carry out that function is a different thing from being appointed as a [[sub-custodian]]. | ||