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direct debit

noun
1.
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 Compare standing order
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Contemporary definitions for direct debit
noun

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

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