Direct debit mandate

Updated: Aug 20, 2021

Authority given by a customer to his bank to make direct debits to his account on the request of a named creditor.

Reference: The Penguin Business Dictionary, 3rd edt.

Sources & references
Risk disclaimer
James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.