What is meant by "Standing orders"?

Answer 1

STANDING ORDERS OR STANDING INSTRUCTIONS IN BANKING TERM MEANS 'THE INSTRUCTIONS YOU GIVE TO YOUR BANKER ASKING THEM TO DEDUCT A CERTAIN AMOUNT EVERY MONTH AND CREDIT THE SAME TO ANOTHER BANK ACCOUNT OR PAY THE PREMIA OF INSURANCE OR TRANSFER A CERTAIN SUM TO YOUR RECURRING DEPOSIT ACCOUNT UNTIL FURTHER INSTRUCTIONS'.

YOU CAN ALSO GIVE STANDING ORDERS TO YOUR BANKER ASKING HIM TO INVEST A CERTAIN AMOUNT IN A CERTAIN MUTUAL FUND SCHEME ON A PRE-FIXED DATE EVERY MONTH UNTIL A PRE-FIXED DATE.

ONCE YOU GIVE SUCH ORDER IT WILL TAKES PLACE EVERY MONTH AUTOMATICALLY.

Answer 2

A standing order is an automatic payment or financial transaction that a client sets up with a vendor.
I have a standing order set up for my credit card payment monthly. I instructed my bank to take $XX.00 from my account and pay to my credit card. That's a standing order.
Second example.
In the lab where I work by day, we need quarterly supplies. Some of the companies supply us with somewhat perishable items so we have standing orders set up for those. In other words, the exact same order is periodically filled and they're paid as well.
Standing order is like autoship with my home-based business as well. I select the products I am going to be using monthly and select "autoship" and so the company delivers them to me at the same time each and every month.
Those are all the examples of standing orders that I can share at this time.
Thanks for reading.

Answer 3

A standing order is a general order of indefinite duration. It remains in effect until modified or rescinded. Standing orders are most often issued by military commanders to their troops, or by bodies operating under parliamentary procedure (such as Robert's Rules of Order). Contrast with Direct order.

Standing orders are necessarily general and vague since the exact circumstances for execution occur in the future under unknown conditions. For example, in most military agencies there is a standing order for enlisted men to salute officers. The officers are required by the same law to return the salute to the enlisted person; however, the name of each enlisted man is not explicitly named in the order, nor is the name of each officer, nor is the exact time which the salute should occur (although circumstances may be, such as when the officer passes). Included with this standing order is that ALL military personnel enlisted and Office alike, MUST salute a wearer of the Congressional Medal of Honor first, even if the wearer of the CMOH is a private.

Answer 4

standing order
1. Military: (formerly) a general order always in force in a command and establishing uniform procedures for it; standard operating procedure.
2. Parliamentary Procedure: the rules ensuring continuity of procedure during the meetings of an assembly.
3. Orders that remain in effect until they are specifically changed: “During the year in which the troops occupied the town, they were under standing orders not to fire unless fired upon.”

Answer 5

Standing orders in case of Banking relate to certain specific actions advised to the bank with reference to account held like;
Credit to account no .........
Pay interest by payorder every month etc...

Answer 6

An "existing order", in effect until you're told otherwise.

Answer 7

uniform procedures-
medically it means that if a certain set of signs or symptoms are present, then a certain amount of medication can be administered.
put another way

if "this" happens,
then do "that"

does that make sense?