Duty

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1. Tax.

A tax levied on certain transactions rather than on profits or on income.

Duties include: import duties, excise duties, stamp duty and stamp duty land tax.


2. Law and ethics.

A legal or moral obligation or responsibility.

For example, stewardship is the fundamental fiduciary duty of company directors, to safeguard and administer the property belonging to a company, on behalf of its shareholders.


3. Contract law - employment.

Tasks or responsibilities that a contracting party or an employee undertakes as part of their employment or other contractual engagement.


Syndicated loans - agents
"An agent is usually appointed from amongst the banks to manage the drawdown, interest calculation, and repayment process and will require an annual fee to perform this duty."
Bank facility - the Treasurer's Wiki.


See also