paying agent

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Paying Agent

An agent who accepts payments from the issuer of a security and then distributes the payments to the holders of the security. Also known as a "disbursing agent."

Notes:

A bank is usually the paying agent designated to make dividend, coupon, and principal payments to the security holder on behalf of the issuer.

See also: Coupon, Dividend, Interest, Principal

Paying agent

An agent who makes principal and interest payments to bondholders on behalf of the issuer.

paying agent

A financial institution that makes the payments to the holders of an issuer's securities. For example, an indenture will name a paying agent responsible for making interest and principal payments on a bond issue.

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