The word "preauthorized" means giving permission or approval in advance for a certain action, typically relating to financial transactions. Full definition
If you have arranged in advance to make regular electronic fund transfers out of your account (s) for money you owe others, you may stop payment of preauthorized transfers from your account. (utahfirst.com)
Stop Payment of Preauthorized Payments. (towerfcu.org)
(C) Liability for Failure to Stop Payment of Preauthorized Transfers. (bancorpsouth.com)