See Also: Preauthorized electronic debits (PAD)(finance)
Preauthorized electronic debits (PAD)(money)
Preauthorized checks (PAC)(money)
Preauthorized checks (PAC)(finance)
Preauthorized payment(finance)
Preauthorized payment(money)
electronic(dictionary)
electronic(dictionary)
Electronic(medicine)
electronic mail(dictionary)

bellied (iou) and Preauthorized electronic debits (PAD) (finance)


bellied (iou)



bellied adjective. L15.
[from BELLY noun, verb: see -ED2, -ED1.]
Having a belly (usu. of a specified size or form). L15.
b. Big-bellied, corpulent; fig. bombastic. M16.
Made large and full; blown or puffed out. L16.

Preauthorized electronic debits (PAD) (finance)


Debits to a bank account in advance by the payer. The payer's bank sends payment to the payee's bank through the Automated Clearing House (ACH) system.