agent, usually a commercial bank, authorized by a securities issuer to make principal payments and periodic interest payments to bondholders. The bank, or banks, acting as paying agent charges a fee for this service. Occasionally, the treasurer of the issuing organization will be designated as paying agent.
agent, usually a bank, that receives funds from an issuer of bonds or stock and in turn pays principal and interest to bondholders and dividends to stockholders, usually charging a fee for the service; sometimes called disbursing agent.
agent, usually a bank, that receives funds from an issuer of bonds or stock and in turn pays principal and interest to bondholders and dividends to stockholders, usually charging a fee for the service. Sometimes called disbursing agent.
