Home » Accounting Terms Dictionary » Loan Accounting Terms Dictionary » Preauthorized Payment

Definition Of Preauthorized Payment:

Arrangement (such as direct debit payment or standing order) under which a bank is authorized by a customer to debit his or her account for a regular bill's amount or for loan installments.


Other Definition Of Accounting Terms:

Precautionary Balance
Predetermined Overhead Rate
Preferred Dividend
Preferred Stock
Preliminary Expenses
Prepaid Expenses

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