fiscal agent

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1 A third party who acts on behalf of a bond issuer to pay subscribers to the issue and generally assist the issuer.

2 An agent for one of the national financial institutions in the USA who acts as an adviser, for example, to the National Mortgage Association for its debt securities.

3 In the USA, an agent empowered to collect taxes, revenues, and duties on behalf of the government. For example, the Federal Reserve Banks perform this function for the US Treasury.

Subjects: Financial Institutions and Services.

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