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English definition of “standing order”

standing order

noun
 
 
[C or U] UK (also banker's order) BANKING an instruction to a bank to pay a particular amount of money at regular times from a person's bank account to another bank account: set up a standing order (from sth to sth) One of the secrets of successful saving is to set up a standing order from your current account to a deposit account. The bank agreed she could pay by standing order. → Compare direct debit
[C or U] COMMERCE an arrangement by which a person or a company regularly sends an agreed quantity of goods to a customer or performs agreed services for a customer without the customer having to place an order each time: They have a standing order every January to supply 50 uniforms for a local karate school.
standing orders [plural] MEETINGS rules that say how an organization or a company should organize its meetings: The chairman claimed that any action he had taken was in keeping with the standing orders of a council meeting .
(Definition of standing order from the Cambridge Business English Dictionary © Cambridge University Press)
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