Direct debit


 

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Direct debit

A payment system in which the payer authorises the payee to take funds from his bank account.Typical examples are monthly premiums for an insurance policy, or electricity bill payments.



Similar Matches

Direct Claim

Direct Claim

A financial claim issued by a deficit unit to acquire funds for investment in real assets.


Direct deposit

Direct deposit

A method of payment which electronically credits your checking or savings account.


Direct rollover

Direct rollover

Movement of tax-deferred retirement plan money from one qualified plan or custodian to another. No immediate tax liabilities or penalties are incurred, but there is an IRS reporting requirement.


Indirect taxation

Indirect taxation

Taxation which is levied in an indirect way rather than being charged directly on an individual's income or estate.The main example in the UK is value added tax (VAT) charged on goods and services and paid by consumers.


Indirect Claim

Indirect Claim

Claim of a financial intermediary; the intermediary relends funds to the deficit unit to enable it to acquire real assets.


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