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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

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

  1. Our employees are paid by direct deposit.



1974

First Known Use of direct deposit

1974


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