Home > Term: Postal payment order
Postal payment order
In Switzerland: an order by the owner of a postal checking account to make payment to a beneficiary who himself is not a postal checking accountholder. It is also possible nowadays to use an assignment cheque for such purposes.
- Part of Speech: noun
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
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- Harry8L
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(London, United Kingdom)