standing order Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “standing order” in the English Dictionary

"standing order" in British English

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standing ordernoun [C]

uk   us   UK
an ​instruction to a ​bank to ​pay a ​particularamount of ​money at ​regulartimes from a person's ​bankaccount to another ​bankaccount
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(Definition of standing order from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"standing order" in Business English

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standing ordernoun

uk   us  
[C or U] UK (also banker's order) BANKING an ​instruction to a ​bank to ​pay a particular ​amount of ​money at ​regulartimes from a person's ​bankaccount to another ​bankaccount: set up a standing order (from sth to sth) One of the ​secrets of ​successfulsaving is to set up a ​standingorder from your ​currentaccount to a ​depositaccount. The ​bankagreed she could pay by ​standingorder.
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[C or U] COMMERCE an ​arrangement by which a ​person or a ​companyregularlysends an ​agreedquantity of ​goods to a ​customer or ​performsagreedservices for a ​customer without the ​customer having to ​place an ​order each ​time: They have a ​standingorder 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 ​chairmanclaimed that any ​action he had taken was in ​keeping with the ​standingorders of a ​councilmeeting .
(Definition of standing order from the Cambridge Business English Dictionary © Cambridge University Press)
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“standing order” in Business English

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