A standing order is BEST defined as:
ACustomer's instruction to pay fixed amounts on fixed datesCORRECT
BCourt order freezing an account
CDirect debit initiated by payee
DPeriodic guarantor repayment
CIBNBanking Principles
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Why the answer is A, and why the others tempt you.
Standing orders are customer-controlled fixed payments on fixed dates — e.g. monthly rent.
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