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Definitions from the Web

Term: Standing Instruction

Definition: A standing instruction refers to a financial arrangement that authorizes a bank or financial institution to carry out recurring transactions or payments on behalf of an individual or organization. It is an automated arrangement that eliminates the need for manual intervention for repetitive actions.

Example sentences:

1. He set up a standing instruction with his bank to automatically transfer a fixed amount to his savings account every month.
2. The company issued a standing instruction to pay monthly utility bills directly from their corporate bank account.
3. I use standing instructions to ensure all my credit card bills are paid on time without any hassle.

Related products:

• Books on Standing Instructions
• Standing Instruction Software
• Financial Services for Standing Instructions