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Quick question about banking terms.

(3 Posts)
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Bermeir Wed 14-Nov-12 14:38:52

What does the term 'payment in favour of' mean?

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Bags Wed 14-Nov-12 14:40:31

I'd need to see it in context to be sure, but I think it means you'd be making a payment to somebody or some account.

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Greatnan Wed 14-Nov-12 14:43:04

I agree - I think it is asking who the payment should go to.

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