payment demand

Request for funds

A payment demand is a formal request for money owed, typically issued before legal action.

It specifies the amount due, the basis for the debt, and a deadline for payment: The landlord sent a payment demand for three months' back rent.

In legal contexts, such demands often serve as prerequisites to filing suit.

Related

notice · final notice · ultimatum · creditor · debt collector · debt · deadline · urgent · summons · court order · outstanding · past due · arrears · final · warning · collector · owed · settlement

Opposites
transaction direction

payment demandreceipt

Written payment acknowledgment

payment confirmation · proof of payment · remittance · payment · disbursement

financial pressure

payment demanddebt forgiveness

Cancellation of amounts owed

debt cancellation · payment · remittance · write-off · debt relief

Family

payment, demand, pay, pays, paid, paying, payer, payers, payable

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