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- DictionaryDi·rect de·pos·it
noun
- 1. the electronic transfer of a payment directly from the account of the payer to the recipient's account. North American
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noun
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Money by a payer into a payee's account
A direct deposit (or direct credit), in banking, is a deposit of money by a payer directly into a payee's bank account. Direct deposits are most commonly made by businesses in the payment of salaries and wages and for the payment of suppliers' accounts, but the facility can be used for payments for any purpose, such as payment of bills, taxes, and other government charges. Wikipedia