payment order
Money movement instruction
A payment order is a formal instruction to a bank or financial institution to transfer funds from one account to another.
The term covers various mechanisms—wire transfers, checks, direct debits—where someone authorizes movement of money: The company issued a payment order for the supplier's invoice.
In legal contexts, a court may issue a payment order requiring one party to pay another.
Thin metallic conductor
- EFTDigital account-to-account payment
- SWIFTBank messaging infrastructure
- chequeWritten bank payment order
- direct depositFunds sent to account automatically
debit · credit · clearinghouse · remittance · disbursement · funds · routing number · account number
Funds sent elsewhere
- SWIFTBank messaging infrastructure
- forexCurrency trading market
- currency exchangeConverting between national monies
- beneficiaryDesignated asset receiver
IBAN · BIC · Western Union · MoneyGram · exchange rate · conversion
Formal admission ceremony
- authorizationFormal permission granted
- processingSystematic operation on data
- validationConfirming truth or accuracy
- confirmationEstablishing something as true
clearance · finalization · reconciliation · fulfillment · discharge · completion · posting · cutoff time
Itemized billing statement
- dueOwed or expected
- liabilityLegal or financial obligation
- debtMoney owed another
- arrearsOverdue financial obligations
indebtedness · commitment · installment · balance · outstanding · receivable · settlement · amortization
wire
Thin metallic conductor
- EFTDigital account-to-account payment
- SWIFTBank messaging infrastructure
- chequeWritten bank payment order
direct deposit · debit · credit · clearinghouse · remittance · disbursement · funds · routing number · account number · batch processing
remittance
Funds sent elsewhere
- SWIFTBank messaging infrastructure
- forexCurrency trading market
- currency exchangeConverting between national monies
beneficiary · IBAN · BIC · Western Union · MoneyGram · exchange rate · conversion
initiation
Formal admission ceremony
- authorizationFormal permission granted
- processingSystematic operation on data
- validationConfirming truth or accuracy
confirmation · clearance · finalization · reconciliation · fulfillment · discharge · completion · posting · cutoff time · batch
invoice
Itemized billing statement
arrears · indebtedness · commitment · installment · balance · outstanding · receivable · settlement · amortization · demand note
payment orderinvoice
Itemized billing statement
receipt · bill · receivable · payment demand
payment ordercash payment
Transaction using physical currency
settlement · disbursement · cash · remittance · fund transfer
payment orderinvoice
Itemized billing statement
bill · demand note · collection notice · accounts receivable · billing statement
order, payment, paying, repayment, prepaid, payable, payer, payers, repaying