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Tip of the Day Pay Your Bills On Time

Pay Your Bills On Time - We all get behind on our bills every once in a while, but when it becomes a constant practice it starts to cost us...

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Paying Agent


Paying Agent - Paying Agent is a registered individual or individuals accepting payments from the issuer of a stock security. It is an individual in the position of distributing payments to the holders of stock security upon the dividend reimbursement, a disbursing agent. A bank institution is the paying agent designated to pay and distribute the dividend, coupon, and principal payments to the stock security holders. It is an authorized agent who is designate to initiate timely dividend payments to the shareholders of record, providing they are registered shareholders. Occasionally, the issuing organization treasure of record is designate as the registered paying agent.

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Definition of the Day Convertible Auction Rate Preferred Stock

Convertible Auction Rate Preferred Stock - a convertible auction rate preferred stock is a certain type of an auction related preferred stock that can be converted into shares of the underlying security an underlying security is a commodity or security, which is subject to delivery when an option is exercised...

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