STANDINGORDER
Standing order
A standing order is an instruction a bank account holder gives to his or her bank to pay a set amount at regular intervals to another's account. The instruction is sometimes known as a banker's order.The above text is a snippet from Wikipedia: Standing order (banking)
and as such is available under the Creative Commons Attribution/Share-Alike License.
standing order
Noun
- A rule of procedure adopted by a governing body for its own internal use.
- A request made once for periodic fulfillment.
- Transfer of a fixed amount from one bank account to another at fixed intervals (e.g. monthly bill payment)
The above text is a snippet from Wiktionary: standing order
and as such is available under the Creative Commons Attribution/Share-Alike License.