Home > Investing > How To Invest > Financial Glossary > F > Fiscal agency agreement. An alternative to a bond trust deed. Unlike the trustee, the fiscal agent acts as a representative of the borrower.
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Fiscal Agent. DEFINITION of 'Fiscal Agent'. An organization, such as a bank or trust company, that acts on behalf of another party performing various financial duties. A fiscal agent may assist in the redemption of bonds or coupons, handle tax issues, replace lost or damaged securities and perform various other finance-related tasks.
http://www.investopedia.com/terms/f/fiscalagent.asp
Fiscal sponsorship arrangements are increasingly popular tool in Arizona and elsewhere; however, there is widespread misunderstanding regarding the proper use of fiscal sponsorships.
http://charitylawyerblog.com/2010/09/17/fiscal-sponsorship-vs-fiscal-agency/
fiscal agent. Person or firm (such as a bank) who, as a fiduciary agent of a principal, services debts, pays rents, distributes dividend payments, etc. You Also Might Like... A short sale is a real estate transaction for the purchase of a home before a bank forecloses on it.
http://www.businessdictionary.com/definition/fiscal-agent.html
The important distinction between a fiscal sponsorship and a fiscal agency arrangement is that funds contributed to a non-exempt project that has a fiscal sponsor are tax deductible to the donor and those that are contributed to a project with a fiscal agent are not.
http://charitylawyerblog.com/2010/09/17/fiscal-sponsorship-vs-fiscal-agency/
This article is incomplete. (December 2012) A fiscal agent, fiscal sponsor, or financial agent is a proxy that manages fiscal matters on behalf of another party. A fiscal agent may assist in the redemption of bonds or coupons at maturity, disbursing dividends, and handling tax issues.
https://en.wikipedia.org/wiki/Fiscal_agent
Fiscal Agency. The term “Fiscal Agency”similarly refers to an arrangement with an established charity to act as the legal agent for a project, but a fiscal agent does not retain the discretion and control that is a required element of a fiscal sponsorship.
http://charitylawyerblog.com/2010/09/17/fiscal-sponsorship-vs-fiscal-agency/
September 2016 Page 4 of 8. All banks selected as fiscal agents or depositories for the deposit of funds belonging to the. state, or any state agency, shall pay at par and receive on deposit at par all checks and. drafts drawn by or in favor of the state or state agency. (R.S. 49:316).
https://app.lla.state.la.us/llala.nsf/82C20ACF7DB3504A86257D0F005725D4/$FILE/White%20Paper%20-%20Cash%20Management%20Fiscal%20Agent%20(STATE).pdf
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http://www.nasdaq.com/investing/glossary/f/fiscal-agency-agreement
fiscal agent. Definition. A bank or trust company which handles fiscal matters for a corporation, including disbursement of dividend payment funds, redeeming bonds and coupons at maturity, and handling taxes related to the issuance of bonds. Use fiscal agent in a sentence.
http://www.investorwords.com/1982/fiscal_agent.html
fiscal agent definition
Fiscal agent is a bank or trust company which handles fiscal matters for a corporation including disbursement of dividend payment funds, redeeming bonds and coupons at maturity and handling taxes related to the issuance of bonds. A fiscal agent is a bank or trust company which handles fiscal matters for a corporation, including disbursement of dividend payment funds, redeeming bonds and coupons at maturity, and handling taxes related to the issuance of bonds.