direct debit

direct debit
direct debit diˌrect ˈdebit noun [countable, uncountable] especially BrE BANKING
an instruction that you give your bank to regularly pay money directly out of your account to a particular person or organization:

• Payment can be made by direct debit.

• We set up a direct debit to pay the monthly instalments.

— compare standing order

* * *

direct debit UK US 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.

Financial and business terms. 2012.

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Look at other dictionaries:

  • direct debit — noun An arrangement by which a creditor can claim payment direct from the payer s bank account, and the payee can vary the amount paid • • • Main Entry: ↑direct * * * noun, pl ⋯ its [count, noncount] chiefly Brit : a way of paying bills by… …   Useful english dictionary

  • direct debit — direct debits N VAR If you pay a bill by direct debit, you give permission for the company who is owed money to transfer the correct amount from your bank account into theirs, usually every month. [mainly BRIT] Switch to paying your mortgage by… …   English dictionary

  • direct debit — noun count or uncount an order to a bank to regularly pay money from your account to a person or organization ─ compare STANDING ORDER …   Usage of the words and phrases in modern English

  • direct debit — ► NOUN Brit. ▪ an arrangement made with a bank that allows a third party to transfer money from a person s account …   English terms dictionary

  • Direct debit — A direct debit or direct withdrawal is an instruction that a bank account holder gives to his or her bank to collect an amount directly from another account. It is similar to a direct deposit but initiated by the beneficiary. It is also called… …   Wikipedia

  • direct debit — UK / US noun [countable/uncountable] Word forms direct debit : singular direct debit plural direct debits an order to a bank to regularly pay money from your account to a person or organization • See: standing order …   English dictionary

  • direct-debit — /dərɛkt ˈdɛbət/ (say duhrekt debuht) verb (t) (in banking) to generate a direct debit to (an account) …  

  • direct debit — tiesioginis debetas statusas Aprobuotas sritis finansų rinka apibrėžtis Mokėjimo paslauga, kurią teikiant lėšos nurašomos iš mokėtojo mokėjimo sąskaitos, kai mokėjimo operaciją inicijuoja gavėjas, remdamasis gavėjui, gavėjo mokėjimo paslaugų… …   Lithuanian dictionary (lietuvių žodynas)

  • direct debit — /daɪˌrekt debɪt/ noun a system where a customer allows a company to charge costs to his or her bank account automatically and where the amount charged can be increased or decreased with the agreement of the customer ● I pay my electricity bill by …   Dictionary of banking and finance

  • Direct debit dividend contributions — also known as 3DC are payments made towards shareholders for shares which have been issued on credit. Issuing stock on credit is considered appropriate when a Stakeholder (such as company s founder or other key person) wishes to retain… …   Wikipedia

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