  The class of finitely presented algebras over a field $K$ with a set of
generators $a_{1},..., a_{n}$ and defined by homogeneous relations of the form
$a_{1}a_{2}... a_{n} =a_{\sigma (a)} a_{\sigma (2)} ... a_{\sigma (n)}$, where
$\sigma$ runs through a subset $H$ of the symmetric group $\Sym_{n}$ of degree
$n$, is introduced. The emphasis is on the case of a cyclic subgroup $H$ of
$\Sym_{n}$ of order $n$. A normal form of elements of the algebra is obtained.
It is shown that the underlying monoid, defined by the same (monoid)
presentation, has a group of fractions and this group is described. Properties
of the algebra are derived. In particular, it follows that the algebra is a
semiprimitive domain. Problems concerning the groups and algebras defined by
arbitrary subgroups $H$ of $\Sym_{n}$ are proposed.
