Order of payment refers to a document specifying the transfer of funds from one party to another. There are various synonyms for the term that can be used interchangeably depending on the context, such as a payment direction, payment mandate, payment instruction, or payment request. Other terms that may be used to describe a document that transfers funds include a check, draft, or electronic transfer. No matter what terminology you use, the purpose of an order of payment is to ensure that money is transferred from one party to another in a clear and concise manner, allowing for seamless and efficient business operations.