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.

BREAKING DOWN 'Fiscal Agent'

Fiscal agents (or fiscal sponsors) are most often seen in the non-profit sector. Many non-profit organizations don't have a lot of experience managing the administrative aspects of a business, while others do not have the required 501(c)(3) status needed to legally operate one. In both cases, a fiscal agent can help by providing limited financial and legal oversight for groups and individuals. Those seeking a fiscal agent should do their homework, however, as the IRS rules governing such arrangements can be tricky.

  1. Agent

    An agent is any person who has been legally empowered to act ...
  2. Agent Bank

    An agent bank is a bank that performs services in some capacity ...
  3. Real Estate Agent

    A real estate agent is a licensed professional who represents ...
  4. Captive Agent

    A captive agent is an insurance agent who only works for one ...
  5. Shareholder Services Agent

    A shareholder services agent is a third party that partners with ...
  6. Settlement Agent

    A settlement agent coordinates all paperwork and conditions required ...
Related Articles
  1. Investing

    How Real Estate Agent and Broker Fees Work

    Buying or selling a home? What you need to know about real estate agent and broker fees.
  2. Investing

    Top 5 Signs Of A Bad Real Estate Agent

    The signs of a bad agent go beyond whether your home sells quickly.
  3. Insurance

    How to Become a Life Insurance Agent

    The pros and cons of becoming a life insurance agent, a field that can be hard to crack—but that can pay off big when you do.
  4. Insurance

    How to Become a Life Insurance Agent

    The pros and cons of selling life insurance, a field that can be hard to crack, but can pay off big when you do.
  5. Investing

    6 Questions For Your Realtor

    Before you start working with a real estate agent – especially if you're the one paying the agent's commission – make sure you've made the right choice.
  6. Investing

    How Do Real Estate Agents Get Paid?

    Most real estate agents are paid a commission based on the sale price of a property and split between the agents and brokers involved.
  7. Investing

    Why You Don't Need A Real Estate Agent

    While there are times when a real estate agent earns the commission, there are other times when you can do it yourself.
  8. Insurance

    What Your Life Insurance Agent Makes – On You

    Being paid by commission gives life insurance agents an incentive to sell bigger policies and specialized financial products. Remember that before you buy.
  9. Investing

    5 Ways To Save On Real Estate Fees

    Even a 1% reduction in real estate commissions can save you thousands of dollars.
  10. Investing

    Commercial real estate agent: Job description and average salary

    Learn more about the qualifications, daily and regular responsibilities, and average yearly salaries of commercial real estate agents.
  1. How much money do real estate agents make?

    Learn about the salaries of top earners in the real estate industry and how factors, such as location, can raise or lower ... Read Answer >>
  2. Do real estate agents work on weekends?

    Learn how working weekends and evenings is one way real estate agents increase their chances of making a sale to a potential ... Read Answer >>
  3. Can real estate agents help renters find rental property?

    Real estate agents offer renters a true advantage when searching for a new home as well as negotiating power when signing ... Read Answer >>
Hot Definitions
  1. Diversification

    Diversification is the strategy of investing in a variety of securities in order to lower the risk involved with putting ...
  2. Liquidity

    Liquidity is the degree to which an asset or security can be quickly bought or sold in the market without affecting the asset's ...
  3. Federal Funds Rate

    The federal funds rate is the interest rate at which a depository institution lends funds maintained at the Federal Reserve ...
  4. Call Option

    An agreement that gives an investor the right (but not the obligation) to buy a stock, bond, commodity, or other instrument ...
  5. Standard Deviation

    A measure of the dispersion of a set of data from its mean, calculated as the square root of the variance. The more spread ...
  6. Entrepreneur

    An entrepreneur is an individual who founds and runs a small business and assumes all the risk and reward of the venture.
Trading Center