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Meaning of “direct debit” in the English Dictionary

(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 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 debitset 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 from the Cambridge Business English Dictionary © Cambridge University Press)
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