From Longman Business Dictionarypaying agentˈpaying ˌagent FINANCE a company, usually a bank, that receives money from companies that sell stocks, shares etc and pays the interest and DIVIDENDs on them to shareholders. Paying agents charge a fee for this serviceSYNDISBURSING AGENTAn issuer will need to appoint a paying agent, to be responsible for the safekeeping of the notes. → agent
