standing order

standing order definition - business

standing order

  1. Instructions to a vendor to supply specified goods or services at regular intervals up to a predetermined date or until receiving notice from the purchaser.
  2. Instructions to a financial institution to pay fixed sums at regular intervals to a particular party.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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