Definition for direct debit - Oxford Dictionaries Online (World English)

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	direct debit (dir¦ect debit) noun an arrangement made with a bank that allows a third party to transfer money from a person’s account on agreed dates, typically in order to pay bills: members pay their subscription by direct debit		More words in this category Asian Development Bank beta bp cash ratio contingent cost accounting coupon bond day trading discount rate drawdown e-banking foreign exchange liquidity maturity receivership self-assessment SIFI telephone banking underinsured vendor placing Nearby Words Dirac, Paul diram dire dire wolf direct direct access direct action direct banking direct current direct debit direct deposit direct dialling direct discourse direct examination direct injection direct labour direct mail direct marketing direct method