Banking Instructions

Banker's Order
A banker's order is an instruction issued by a bank customer, directing their bank to transfer a specified amount from their account to another account at regular intervals until the order is cancelled.
Mandate
A mandate is a written authority given by one individual (the mandator) to another (the mandatory), allowing the latter to act on the former's behalf. This authority can cover matters such as banking instructions and legal representation.

Accounting Terms Lexicon

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