Payment order

Payment order – this term is used in the Banking Law in many jurisdictions, where refers to a document, issued and signed by a bank, which is certifying managed by the bank valid payment towards the bank account of the beneficiary, which is detailed on the payment order. It should be differed than the paycheck, which is also a kind of payment instruction towards a bank, but usually signed not in the bank but previously and handled directly to the beneficiary, instead of being presented at the bank.

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