Standing order

Updated: Aug 20, 2021

An instruction to a bank to pay a certain sum at certain intervals, for instance subscriptions or hire purchase instalments.

Reference: The Penguin Business Dictionary, 3rd edt.

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James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.