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English definition of “direct debit”

direct debit

noun [C or U]    
BANKING an instruction to your bank to allow someone else to take money from your account , usually as part of a regular arrangement : Many utility and service companies will allow you to authorize a direct debit from your checking account for the amount due each month . I pay most of my bills by direct debit set up/cancel a direct debit Don't forget to cancel the direct debit if you want to stop subscribing to the magazine .
(Definition of direct debit noun from the Cambridge Business English Dictionary © Cambridge University Press)
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