paying agent


An agent who makes dividend payments to stockholders or principal and interest payments to bondholders on behalf of the issuer of those stocks or bonds.

Use paying agent in a sentence

You may want to bring on a paying agent that will make sure that all the pay outs go correctly.

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He was a paying agent and that was really cool to see and he worked very hard to do his job properly.

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Frank was a paying agent for Apple stock and the stockholders were always very pleased to receive correspondence from him.

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