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paying agent

From Longman Business Dictionary
Related topics: Finance
paying agentˈpaying ˌagent FINANCE a company, usually a bank, that receives money from companies that sell stocks, shares etc and pays the interest and DIVIDENDs on them to shareholders. Paying agents charge a fee for this service SYN DISBURSING AGENTAn issuer will need to appoint a paying agent, to be responsible for the safekeeping of the notes. agent
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