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European Union
European Union
Key definition
Money definition What does Money mean? In legal practice, money refers to the generally accepted means of payment used to discharge monetary obligations, pay for goods and services, and satisfy judgments. It ordinarily includes cash (banknotes and coins, typically sterling in the UK and euro in Ireland) and sums standing to the credit of a bank account transferable by cheque or electronic transfer; it can also include foreign currency if agreed. The term is descriptive rather than strictly defined, though related concepts are defined in legislation. 'Legal tender' identifies what must be accepted in settlement of a debt: in England and Wales, Bank of England notes...
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European Order for Payment (EOP) for cross-border uncontested money claims: jurisdiction, scope, procedure, service, opposition, review and enforcement; 2017 amendments and forthcoming e-Justice digitalisation
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Practice notes
This Practice Note reviews Regulation (EC) 1896/2006—the European Order for Payment Regulation (EOP Regulation)—as updated by Regulation (EU) 2015/2421. It outlines European Orders for Payment (EOPs), also known as European Payment Orders (EPOs). These serve cross-border matters to secure payment of a defined, uncontested monetary claim without issuing court proceedings. Article 2 of the EOP Regulation lists claims that are excluded. A Defendant may file a ‘statement in opposition’, request a review of the order in exceptional cases when out of time to do so, or ask the enforcing court to decline Enforcement. This Practice Note also refers to the Report of 17 October 2016 reviewing the Regulation.
Relevant regulations and report
- Regulation (EC) 1896/2006 creating a (EOP Regulation)
- Commission Regulation (EU) 936/2012 amending the Annexes to the EOP Regulation
- Council Regulation (EU) 517/2013 adapting certain regulations and decisions in the fields of free movement of goods, freedom of movement for persons, company law, competition policy, agriculture, food safety, veterinary and phytosanitary policy, transport policy, energy, taxation, statistics, trans-European networks, judiciary and fundamental rights, justice, freedom and security...
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Web page updated on 21/05/2026
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