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direct deposit

noun

Simple Definition of direct deposit

  • : a way of paying someone so that the money is sent directly into the person's bank account without the use of checks or cash

Source: Merriam-Webster's Learner's Dictionary

Full Definition of direct deposit

  1. :  a method of payment in which money is transferred to the payee's account without the use of checks or cash

Examples of direct deposit in a sentence

  1. Our employees are paid by direct deposit.



1974

First Known Use of direct deposit

1974


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