Declaration by which the instructing party authorizes a third party (instructed party; usually a bank) to perform a service for the account of the instructing party to the beneficiary (instruction recipient) designated by the corresponding declaration of intent (in writing [document], electronically or also verbally). The instructed party is authorized to make payment to the instruction recipient for the account of the instructing party. Further details are governed in Germany by sections 783 et seq. and section 363 of the German Commercial Code (HGB) and (with regard to the banking-specific practice) the respective general terms and conditions of business. – On the financial market, the disposal of the
Supervisory authority to do or refrain from doing a certain thing. – See dismissal order, winding-up order, application-driven, objections, supervisory, standing order, prohibition.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
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https://www.gerhardmerk.de/

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