Payment Demand Letter
/ˈpeɪmənt dɪˈmænd ˈlɛtər/
Definitions
- (n.) A formal written notice sent by a creditor to a debtor demanding payment of an outstanding debt within a specified period.
The lawyer sent a payment demand letter to the client before initiating litigation.
Forms
- payment demand letter
- payment demand letters
Related terms
See also
Commentary
A payment demand letter should clearly state the amount owed, the due date for payment, and the consequences of non-payment to preserve legal rights for subsequent action.
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.