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Lastschrift

direct debit; debit entry

noun LAST-shrift Rare
People & Society Money

Usage Note

Lastschrift is a bank debit — money pulled from your account by a payee. The SEPA-Lastschriftverfahren is the EU-wide direct-debit scheme. Contrasted with Überweisung (credit transfer, where you push money). Very common for recurring bills.

Examples

"Die Miete wird per Lastschrift vom Konto eingezogen."

Natural Translation

The rent is collected from the account by direct debit.

Literal Translation

The rent is per direct-debit from the account collected.

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