payment order
nounUK /ˈpeɪmənt ˈɔːdə/
US /ˈpeɪmənt ˈɔːrdər/
A payment order is a message that tells a bank to send money to someone.
The company sent a payment order to the bank to pay its workers.
OTHER MEANINGS
2. A legal order from a court telling someone to pay money owed.
The judge issued a payment order against the debtor.
3. In banking systems, an electronic instruction to move funds between accounts.
The payment order was processed overnight by the clearing system.
4. A document authorizing a cashier or treasurer to pay a specified sum.
The treasurer signed the payment order for the office supplies.