Demand for Payment
/dɪˈmænd fɔr ˈpeɪmənt/
Definitions
- (n.) A formal request by a creditor for the debtor to pay the owed amount within a specified time.
The lawyer sent a demand for payment to the client before initiating legal proceedings.
- (n.) A prerequisite step in debt collection signaling intent to enforce payment rights.
Issuing a demand for payment often precedes filing a lawsuit for debt recovery.
Forms
- demand for payment
- demands for payment
Related terms
See also
Commentary
A demand for payment must be clear and precise to avoid disputes; it often serves as evidence of notice in legal claims.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.