direct debit

World English Dictionary
direct debit
 
n
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

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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
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