paying agent
Defined in 1 place of the United States Code.
the term “paying agent” includes any issuer, transfer agent, broker, dealer, investment adviser, indenture trustee, custodian, or any other person that accepts payments from the issuer of a security and distributes the payments to the holders of the security.
Source
- 2010–present15 U.S.C. § 78QCommerce and Trade · National system for clearance and settlement of securities transactions · under this chapter