Meaning of “final demand” in the English Dictionary

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"final demand" in British English

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

"final demand" in Business English

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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)