Legal Question in Banking Law in Nigeria

account domiciliation , irrevocable standing order purchase order issuance


Asked on 2/09/15, 4:13 pm

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

10.02.2015

Dear Sir / Madam,

Account domiciliation - Account opened and operational in the country of domicile (residence) of the Account holder;

Irrevocable standing order - An order which cannot be altered, cancelled or undone;

Purchase order issuance - A document to signify acceptance of goods or services offered.

Regards,

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Answered on 2/09/15, 5:26 pm


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