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Definitions from the WebStanding OrderDescription:A standing order refers to an instruction given by an individual to their bank or financial institution to make regular fixed payments to a particular recipient or payee. It is typically used for recurring payments such as rent, mortgage, subscriptions, or bill payments. Senses:1. Banking: In the context of banking, a standing order is an ongoing payment arrangement set up by a customer to automatically transfer a fixed amount of money at regular intervals. 2. Legal: In the legal field, a standing order is a written command or pretrial instruction issued by a court that remains in effect until it is modified or rescinded. Usages:1. Banking: I have set up a standing order to pay my rent every month. 2. Banking: The standing order for my electricity bill is scheduled for the 15th of each month. 3. Legal: The judge issued a standing order prohibiting the release of any sensitive information related to the case. 4. Legal: The standing order requires all parties involved to attend the hearing without fail. Related products on Amazon: | ||||
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