What is the meaning of Preauthorized electronic debits (PAD)?

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Preauthorized electronic debits > PAD

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.

Barry Goldsmith
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APABarry Goldsmith. (2010). Preauthorized electronic debits (PAD). Retrieved September 23, 2026, from http://smartdefine.org/preauthorized_electronic_debits_(pad)/definitions/1160898
ChicagoBarry Goldsmith. 2010. "Preauthorized electronic debits (PAD)" http://smartdefine.org/preauthorized_electronic_debits_(pad)/definitions/1160898 (accessed September 23, 2026).
HarvardBarry Goldsmith 2010, Preauthorized electronic debits (PAD), Smart Define, viewed 23 September, 2026, <http://smartdefine.org/preauthorized_electronic_debits_(pad)/definitions/1160898>.
MLABarry Goldsmith. "Preauthorized electronic debits (PAD)" 21 October 2010. Web. 23 September 2026. <http://smartdefine.org/preauthorized_electronic_debits_(pad)/definitions/1160898>