direct debit

World English Dictionary
direct debit
Compare standing order an order given to a bank or building society by a holder of an account, instructing it to pay to a specified person or organization any sum demanded by that person or organization

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
Cite This Source's 21st Century Lexicon
Main Entry:  direct debit
Part of Speech:  n
Definition:  a method of payment in which the payer authorizes the payee to take funds from the payer's bank account, as for paying monthly bills; an instruction to a bank for this transaction's 21st Century Lexicon
Copyright © 2003-2014, LLC
Cite This Source
Copyright © 2014, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature