bank debit

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Tags: banking

A bookkeeping term for realization of the reduction of deposits held by bank customers. Bank debits can be the result of check payments, honored drafts or a withdrawal of funds from an account
(Read more: http://www.investopedia.com/terms/b/bank-debits.asp#ixzz2HTK2uRSU)

Synonyms:
direct debit, withdrawal
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