fiscal agent

Fiscal Agent

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

Investopedia Commentary

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

See also: Bond, Dividend, Maturity, Security, Trust

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.