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fiscal agent

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Fiscal Agent
An organization, such as a bank or trust company, that takes responsibility for the fiscal duties of an unrelated party.

Notes:
These fiscal responsibilities generally include the disbursement of interest and maturity payments on bonds, dividend payouts, and certain tax issues related to corporate securities.

fiscal agent
The organization responsible for paying the interest and principal of another organization's debt. For example, Valdosta State Bank may be fiscal agent for, and make interest and principal payments on, debt incurred by Scott Motors Corporation.


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Generally, the appointment as fiscal agent has been taken to confer authority to act for, or in place of, the federal government in matters relating to public revenues, public debt, and other financial business.
Federal Reserve Banks as fiscal agents and depositories of the United ... by Trimble, Theresa A. / Federal Reserve Bulletin
An ISO may act directly as the fiscal agent for a consumer.
You Can Do it: State Initiatives Broaden Access to Consumer-Directed ... by Eustis, Nancy / American Rehabilitation
in El Segundo said June 11 it has signed a $149 million contract with the New York State Department of Social Services to act as fiscal agent for the state's Medicaid program.
Computer firm inks welfare agency pact by Los Angeles Business Journal
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