Business terms and jargon explained. Your business dictionary

What is Direct Debit

Is an automatic payment from your bank account that is variable and usually paid monthly on a fixed date. This is used when the amount is not fixed. You would have sign and given authority for a third party to take money from your bank account .They will have to inform you of the amount before taking it, e.g. mobile phone bill.

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Term created / updated 2005-07-16 23:12:15

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