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)
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standing order

Noun

  1. A rule of procedure adopted by a governing body for its own internal use.
  2. A request made once for periodic fulfillment.
  3. 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.

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