fiscal agent
Definition
A bank or trust company which handles fiscal matters for a corporation, including disbursement of dividend payment funds, redeeming bonds and coupons at maturity, and handling taxes related to the issuance of bonds.
Use fiscal agent in a sentence
“ I worked for a fiscal agent and helped a lot of people with their fiscal matters and things of that nature. ”
“ In order to ensure accurate payments of dividend funds, the company uses a fiscal agent to handle those matters correctly. ”
“ The fiscal agent that was responsible for the corporations money flow was convicted of fraud and embezzlement, which left the financial house of the small organic clothing shop in peril. ”
