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order of payment

NOUN
bill of exchange
Synonyms


Example Sentences

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The reformed law groups creditors into classes, whereby creditors holding rank in the order of payment of claims must belong to the same class.

From Reuters Feb. 15, 2023

By that bill thirty-six offices tenable by members of Parliament were suppressed, and an order of payment was framed by which the growth of any fresh debt was rendered impracticable.

From The Works of the Right Honourable Edmund Burke, Vol. 02 (of 12) by Burke, Edmund




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