Debt Obligations

Paying Agent
A Paying Agent is typically a bank or another financial institution that is contracted under a paying agency agreement to manage the payment of interest and principal sums due on a bearer security.
Treasuries
Treasuries are negotiable debt obligations of the U.S. government, secured by its full faith and credit, and issued at various schedules and maturities. The income from U.S. Treasury securities is exempt from state and local taxes but subject to federal taxes.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.