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A direct debit or direct withdrawal is a financial transaction in which one organisation withdraws funds from a payer's bank account. [1] Formally, the organisation that calls for the funds ("the payee") instructs their bank to collect (i.e., debit) an amount directly from another's ("the payer's") bank account designated by the payer and pay those funds into a bank account designated by the ...
Blank endorsement of a financial instrument, such as a cheque, is only a signature, not indicating the payee.The effect of this is that it is payable only to the bearer – legally, it transforms an order instrument ("pay to the order of (the payee)") into a bearer instrument ("pay to the bearer").
A payment service provider (PSP) is a third-party company that allows businesses to accept electronic payments, such as credit card and debit card payments. PSPs act as intermediaries between those who make payments, i.e. consumers , and those who accept them, i.e. retailers .
The payee may compromise on a debt, i.e., accept part payment in full settlement of a debtor's obligation, or may offer a discount, E.G: For payment in cash, or for prompt payment, etc. On the other hand, the payee may impose a surcharge, for example, as a late payment fee, or for use of a certain credit card, etc.
A representative payee, or substitute payee, is a person who acts as the receiver of United States Social Security Disability or Supplemental Security Income for a person who is not fully capable of managing their own benefits, i.e. cannot be their own payee. The representative payee is expected to assist the person with money management, along ...
Enaku Endey Kidaiyaathu (transl. I have no end) is a 2023 Indian Tamil-language mystery thriller film directed by Vikram Ramesh and produced by Karthik Venkatraman. The film stars Vikram Ramesh, Karthik Venkatraman, and Swayam Siddha in the lead roles, while Shivakumar Raju, Murali Srinivasan and Sakthivel Venkatraman play supporting roles.
Bendru Theertha. Bendru Theertha (Tulu: ಬೆಂದ್ರ್ ತೀರ್ಥ (boiled water) bendru, bendir, or bend'r ) is a natural hot water spring, located at a distance of about 15 kilometres from Puttur town in the Dakshina Kannada district of Karnataka, India, which is situated in an area near the river Seeresude(Tulu:ಸೀರೆ(Saree) ಸುದೆ(River)), [1] a small tributary of ...
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