The Life and Death of Julius Caesar Shakespeare homepage | Julius Caesar | Act 4, Scene 3 Previous scene | Next scene
Some foundations allow a tax-exempt organization to act as fiscal agent for another organization for various reasons. The fiscal agent agreement is more than an act of kindness from a big nonprofit to a startup. It is a legal action that has consequences.
Fiscal Agent. 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.