Meaning of “final demand” in the English Dictionary

british dictionary

"final demand" in British English

See all translations

final demandnoun [ C ]

uk /ˌfaɪ.nəl dɪˈmɑːnd/ us /ˌfaɪ.nəl dɪˈmænd/ UK

the last request for the payment of money owed for goods or services before an action is taken against the person who owes that money

(Definition of “final demand” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"final demand" in Business English

See all translations

final demandnoun [ C ]

uk us also final reminder FINANCE

the last time that a company requests payment for a debt that should have been paid by an earlier date , for example before it takes legal action:

If a final demand is ignored, the bank will begin legal proceedings.

(Definition of “final demand” from the Cambridge Business English Dictionary © Cambridge University Press)