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8142 posts
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Direct debit [collecting] authorization, bill check
on
2023/07/21 by
alex1, []
A debtor authorizes the creditor to debit the amount owed directly from his account (a procedure of payment, in which a debtor permits a creditor to obtain payment directly from the debtor’s deposit account). This method of payment is particularly common in the case of regularly recurring payments by tele-service providers, electricity and gas suppliers, […]
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The term is also used for bonds accounts (depositum irregulare)
on
2023/07/21 by
alex1, []
A form of safekeeping of securities by a bank that is less common today. In contrast to the usual custody of securities, in this case the depositor only has a contractual claim under the law of obligations against the bank for securities of the same type and quantity; see Section 700 of the German Civil […]
