direct debit
Uses as of 03/02/2017
Definitions over time (1)
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29/10/2009 – 31/03/2012 Article 2, Regulation (EC) No 924/2009 Scope: Whole act
For the purposes of this Regulation, the following definitions shall apply:
‘direct debit’ means a payment service for debiting a payer’s payment account, where a payment transaction is initiated by the payee on the basis of the payer’s consent given to the payee, to the payee’s payment service provider or to the payer’s own payment service provider;
Other definitions of this term in this act (1)
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Used in (0 places in 0 provisions on 03/02/2017)
No text uses this concept on 03/02/2017.