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Definitions from the WebDemand for PaymentDefinition:The term "demand for payment" refers to an official request or claim made by a creditor to a debtor, insisting that a sum of money owed be paid promptly. Part of Speech:Noun Sense:1. A formal request for the settlement of an outstanding debt, insisting on immediate payment. 2. The requirement for payment from a buyer to a seller before the goods or services are provided. Usage:1. The landlord sent a demand for payment to the tenant who had not paid rent for several months. 2. The company issued a demand for payment to the client, stating that the invoice was overdue and must be settled within 7 days. 3. In some cases, suppliers may ask for a demand for payment to establish trust with new customers before delivering goods. Related Products (Amazon): | ||||
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