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Home > QFINANCE Dictionary > Definition of automatic debit

Definition of

automatic debit

Banking

bank customer's instruction for regular payments an instruction given by an account holder to a bank to make regular payments on given dates to the same payee.

Related definitions of "automatic debit"

Definitions of ’automatic debit’ and meaning of ’automatic debit’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’automatic debit’ and other financial terms with our online QFINANCE Financial Dictionary.

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