Direct Debit

Definition of 'Direct Debit'

An instruction to a bank to allow money to be withdrawn from an account by someone other than the account holder. This is usually used to pay bills, and the amount withdrawn can vary with each payment.

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BACS FDI Incremental Hypothesis After Tax Income Authorisation Authorization Co-Investor Direct Foreign Investment Direct Investment Foreign Direct Investment Fund of Funds Global Companies Merchant Banking Portfolio Investment Transfer Payments

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Definition of 'Direct Debit'

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