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Standing order |
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Standing orderA regular payment for a fixed amount that you can ask us to make from your account to another specified account.Standing orderAn order by a customer to his/her banker to pay a specified amount usually on or around a particular day of the month regularly to another account. This could be typically to a person's building society for regular payment of mortgage interest or for premiums for life assurance. If the payee, for example, a building society, requires payments to be increased (or decreased) it must write to the customer requesting a change in the amount of the standing order. The customer then instructs his/her bank accordingly. The current trend for regular payments however seems to be towards direct debit where the customer agrees to the payee debiting (claiming funds from) his/her account.Similar MatchesAmount outstanding and in circulationAmount outstanding and in circulationAll currency issued by the Bureau of the Mint and intended as a medium of exchange. Coins sold by the Bureau of the Mint at premium prices are not included; uncirculated coin sets sold at face value plus handling charge are included. Outstanding balanceOutstanding balanceThe amount to be repaid at any point in time. StandingStandingLevel of priority in the trading crowd. Standing mortgageStanding mortgageAn interest only mortgage where no arrangements are made at the outset for the repayment of the loan. If a specific investment vehicle has not been arranged to provide funds for this purpose, the borrower will have to repay the loan by some other means. If the capital is not repaid, the lender can repossess the property and sell it to recover as much of the debt as possible. Outstanding sharesOutstanding sharesShares that are currently owned by investors. Further SuggestionsDays sales outstandingOutstanding Dividends free standing additional voluntary contributions |
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