A preauthorized credit allows the amount of regular payments to be automatically deposited in the payee's account.

Name: A preauthorized credit allows the amount of regular payments to be automatically deposited in the payee's account.
Brand: Quizplus
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Question

A preauthorized credit allows the amount of regular payments to be automatically deposited in the payee's  account.

Quizplus · Accepted Answer

A preauthorized credit is an arrangement where regular payments are automatically deposited into the payee's account, such as direct deposits of salaries or benefits.

A Preauthorized Credit Allows the Amount of Regular Payments to Be