direct debit - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “direct debit”

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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 debitset up/cancel a direct debit Don't forget to cancel the direct debit if you want to stop subscribing to the magazine.
Translations of “direct debit”
in Chinese (Traditional) 自動扣帳…
in Russian договор о постоянных платежах…
in Turkish ödeme talimatı, hesaptan para çekme yetkisi veren anlaşma…
in Chinese (Simplified) 自动扣账…
in Polish polecenie zapłaty…
(Definition of direct debit from the Cambridge Business English Dictionary © Cambridge University Press)
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