Paying Agent
/ˈpeɪɪŋ ˈeɪdʒənt/
Definitions
- (n.) An entity appointed to receive and disburse payments on behalf of an issuer, especially in bond or loan agreements.
The paying agent is responsible for distributing interest payments to bondholders.
Forms
- paying agent
- paying agents
Related terms
See also
Commentary
The paying agent acts as a fiduciary intermediary to ensure proper payment flow under financial agreements; clarity in appointment and duties is essential in drafting.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.