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Meaning of “direct debit” in the English Dictionary

"direct debit" in British English

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direct debitnoun [C or U]

uk   /ˌdaɪ.rekt ˈdeb.ɪt/  us   /ˌdaɪ.rekt ˈdeb.ɪt/
(Definition of direct debit from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"direct debit" in Business English

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direct debitnoun [C or U]

uk   us  
BANKING an ​instruction to your ​bank to ​allow someone else to take ​money from your ​account, usually as ​part of a ​regulararrangement: Many ​utility and ​servicecompanies will ​allow you to ​authorize a ​directdebit from your ​checkingaccount for the ​amountdue each month. I ​pay most of my ​bills by ​directdebitset up/cancel a direct debit Don't forget to ​cancel the ​directdebit if you want to ​stopsubscribing to the ​magazine.
(Definition of direct debit from the Cambridge Business English Dictionary © Cambridge University Press)
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