autopay

[ aw-toh-pey ]

Phonetic (Standard)IPA

noun

, Finance.

a computerized service that automatically deducts from an individual’s checking, savings, or money market account an owed recurring payment, as for a bank loan, credit card, or utility bill, in time to meet the payment due date:
Using autopay helps ensure timely payments and the avoidance of late fees.

Origin of autopay¹

First recorded in 1980–85; shortening of automatic payment

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