Banking Dictionary:

Corporate Agent

Banking services performed on an agency basis for corporations and government entities. Among these are check clearing, dividend and interest payment, stock registration and redemption, and tax collection for government agencies. These generate fee income for the providing bank. See also Noncredit Services.

 
 
 

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Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.  Read more

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