Englisch
Detailed Synonyms for preauthorized debit in Englisch
preauthorized debit:
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the preauthorized debit
– A withdrawal from a customer’s account to pay bills or make loan payments that is initiated by a company or financial institution which has the customer’s written authority to do so. 1the PAD; the preauthorized debit– A withdrawal from a customer’s account to pay bills or make loan payments that is initiated by a company or financial institution which has the customer’s written authority to do so. 1