demand for payment

Definitions

A formal request or legal notice requiring a debtor to pay an outstanding debt by a specified date.

A written or verbal communication asserting a right to receive money owed under a contract or obligation.

Examples

The company issued a formal demand for payment after the client failed to settle the invoice for three consecutive months.

Upon receiving the demand for payment, the contractor realized there was a discrepancy in the billing statement and requested a review.

Synonyms

invoice bill dunning notice request for settlement collection notice statement of account

Antonyms

payment receipt proof of payment settlement confirmation discharge of debt waiver of payment cancellation of invoice