payment order

USAGE SUMMARY

The phrase "payment order" is grammatically correct and can be commonly used in written English.
It refers to a written instruction from one party to another, typically a bank or financial institution, to make a payment to a third party. Example: "I have issued a payment order to my bank to transfer the funds to your account by tomorrow."

✓ Grammatically correct

Academia

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

30 human-written examples

(a) A payment order is "executed" by the receiving bank when it issues a payment order intended to carry out the payment order received by the bank.

Cornell University

A copy of a payment order goes into some fascinating detail.

The Guardian

(b) "Execution date" of a payment order means the day on which the receiving bank may properly issue a payment order in execution of the sender's order.

Cornell University

Among the relevant sentences are these: "A stop payment order generally expires after six months.

The New York Times

A payment order received by the beneficiary's bank can be accepted but cannot be executed.

Cornell University

Uniform Commercial Code › U.C.C. - ARTICLE 4A - FUNDS TRANSFER (2012) › PART 2. ISSUE AND ACCEPTANCE OF PAYMENT ORDER › § 4A-202.

Cornell University

Human-verified similar examples from authoritative sources

Similar Expressions

30 human-written examples

The hackers found a budget allocation, say for paper clips, and generated bogus payment orders until the allowance was exhausted.

The Economist

1970 The Clearing House Interbank Payments System, or Chips, is established to transmit and settle payment orders in American dollars for some of the largest and most active banks in the world.

The New York Times

Payment orders for large sums were honoured by the central bank even if they had only two of the three required signatures.

The Economist

It was reported that the Swiss sought information from the Russian Interior Ministry, which was believed to want to question Chernoi about false payment orders.

The Guardian - Business

B.S.G.R. faulted the Condé administration for failing to name the sources of the allegations, and noted that any payments made to public officials "would be easily identified by bank transfers, payment orders, copies of checks, etc".

The New Yorker

Expert writing Tips

Best practice

When instructing your bank to make a payment, use "payment order" in formal communications to ensure clarity and avoid ambiguity. It specifies a formal request for funds transfer.

Common error

Avoid using "payment order" interchangeably with "check" or "invoice". A "payment order" is the instruction to pay, while a check is a type of payment, and an invoice is a request for payment.

Linguistic Context

The phrase "payment order" functions primarily as a noun phrase identifying a specific type of instruction. As Ludwig AI points out, it is a formal request for payment, commonly used in financial contexts.

Expression frequency: Common

Frequent in

Academia

30%

News & Media

40%

Formal & Business

30%

Less common in

Science

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

The phrase "payment order" is a common and grammatically correct noun phrase that refers to an instruction to a bank or financial institution to transfer funds. As Ludwig AI states, this term is recognized as a formal request for payment and its usage spans academia, news media, and business contexts. When writing, ensure that "payment order" isn't confused with related terms like "invoice" or "check". For alternative expressions, consider phrases like "funds transfer instruction" or "bank transfer request", always being mindful of the specific context.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Order for payment

A slightly more formal phrasing that emphasizes the directive nature of the request.

Funds transfer instruction

Focuses on the action of transferring funds, highlighting the directive aspect.

Remittance advice

Emphasizes the notification aspect of a payment, suitable when informing about a payment.

Bank transfer request

Specifically refers to requesting a transfer from a bank, more direct.

Debit instruction

Highlights the debiting of an account for payment, focusing on the action.

Payment authorization

Stresses the approval aspect of the payment process, indicating permission to pay.

Stop payment request

Refers to a specific instruction to halt a payment, the opposite action to QUERY.

Payment mandate

Implies a formal authorization for regular payments, more structured.

Payment voucher

Highlights the documentary evidence of a payment instruction.

Electronic funds transfer

Describes the method of payment more than the order itself, focusing on digital transfer.

FAQs

How is a "payment order" different from a check?

A "payment order" is an instruction to a bank to transfer funds. A check is a physical document that instructs a bank to pay a specific amount from the drawer's account. A "payment order" can be electronic, while a check is always a paper instrument.

What's the difference between a "payment order" and an invoice?

An invoice is a request for payment for goods or services rendered. A "payment order" is the action taken to fulfill that request. The invoice precedes the "payment order".

When might I need to issue a "stop payment order"?

You might issue a "stop payment order" if a check is lost or stolen, or if you dispute the goods or services for which the check was written.

Are there alternatives to using a "payment order"?

Yes, depending on the context, you could use alternatives like "funds transfer instruction" or "bank transfer request". The most appropriate option will depend on the specific situation.