Direct Debit Service (DDS) definition

Direct Debit Service (DDS) means the direct debit service introduced and operated by CBUAE to enable automatic debiting of accounts by third party upon request;

Related to Direct Debit Service (DDS)

  • Direct Debit means a payment service for debiting a payer’s payment account, where a payment transaction is initiated by the payee on the basis of the payer’s consent given to the payee, to the payee’s payment service provider or to the payer’s own payment service provider;

  • Service Drop means a cable that, by its design, capacity and relationship to other cables of the Company, can be reasonably considered to be for the sole purpose of connecting backbone of the Equipment to not more than one individual customer or building point of presence or property.

  • Input Service Distributor means an office of the supplier of goods or services or both which receives tax invoices issued under section 31 towards the receipt of input services and issues a prescribed document for the purposes of distributing the credit of central tax, State tax, integrated tax or Union territory tax paid on the said services to a supplier of taxable goods or services or both having the same Permanent Account Number as that of the said office;

  • Direct Deposit means an order for electronic transfer of a refund into a taxpayer’s financial institution account.

  • Direct Debit Request means the Direct Debit Request between Us and You.