order of payment or·de·rof·payment uncommon noun 1. a document ordering the payment of money; drawn by one person or bank on another Synonymsdraftbill of exchangeorder of payment Related words Broader terms negotiable instrument Narrower terms overdraftforeign billinland billredrafttrade acceptancebank draftdividend warrantmoney order WordNet 2.1 (Princeton University). WordNet 2.1 Copyright Princeton University. All rights reserved.