Definition of agent
- Education proved to be an agent of change in the community.
- an oxidizing agent
- crown agent
- federal agent
- a secret agent
- a theatrical agent
They worked with a travel agent to plan their vacation.
the whitening agent in the detergent is chlorine bleach
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'agent.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use: 15th centurySee Words from the same year
To become an EA, a person has to pass a three-part comprehensive IRS test of individual and business tax returns or be a former IRS employee with appropriate experience. To maintain the credential, EAs must obey ethical standards and complete 72 hours of continuing education every three years.
The EA designation is the highest one the IRS confers, and EAs have the authority to represent any taxpayer for any tax matter.
EAs and other tax advisors might help a client structure his assets such that his estate taxes are lower. They might help a company organize itself so that its shareholders pay less in taxes or so that an acquisition does not generate a large tax liability.
Let's assume Company XYZ is a publicly traded corporation that has 10,000,000 shares outstanding. If the shares trade all day, how does Company XYZ know who owns its shares? The answer lies with the transfer agent.
The transfer agent has three big jobs: 1) to issue and cancel stock certificates (including when a company pays a stock dividend or has a stock split); 2) to be an intermediary that makes the dividend or interest payments, sends out and keeps track of proxy materials, exchanges the company's stock or bonds if a merger occurs, tenders shares when necessary, and mails the company's financials and other reports; and, 3) to deal with replacing lost, stolen, or destroyed certificates.
Transfer agents are crucial behind-the-scenes entities in the business world because they maintain important information and protect even the smallest shareholder or bondholder's right to information disclosure. Without transfer agents, companies would have to find other ways to manage the incredible, time-consuming tasks of keeping track of the constant changes in shareholder and bondholder information.
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