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English definition of “final demand”

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final demand

noun [C]
 
 
( 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.
Translations of “final demand”
in Chinese (Traditional) (催逼債務人還債的)最後通牒…
in Chinese (Simplified) (催逼债务人还债的)最后通牒…
(Definition of final demand from the Cambridge Business English Dictionary © Cambridge University Press)
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