Fiscal and Fiscal agent: Difference between pages

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1.  
''Bonds''.


Relating to government revenues and spending, especially to government tax revenues.
In respect of a bond, an institution, a company or a bank which, on behalf of the issuing company that appoints it, makes interest payments and repayment of the principal upon presentation of coupon and/or bond certificates.


Where there is no trustee, the agent is commonly referred to as a 'fiscal agent'.


2.


''US''.  
The term 'paying agent' is usually used where the bond also has a trustee who represents the interests of the bondholders.  


Relating to finance more generally, especially to public sector finance.


== See also ==
* [[Agent]]
* [[An introduction to debt securities]]
* [[Bond]]
* [[Coupon]]
* [[Interest]]
* [[Principal]]


3.
[[Category:Long_term_funding]]
 
''US''.
 
Relating to a fiscal year.
 
 
== See also ==
* [[Fiscal policy]]
* [[Fiscal risk]]
* [[Fiscal year]]
* [[Supply side policy]]

Latest revision as of 18:11, 4 July 2022

Bonds.

In respect of a bond, an institution, a company or a bank which, on behalf of the issuing company that appoints it, makes interest payments and repayment of the principal upon presentation of coupon and/or bond certificates.

Where there is no trustee, the agent is commonly referred to as a 'fiscal agent'.


The term 'paying agent' is usually used where the bond also has a trustee who represents the interests of the bondholders.


See also