Demand for Payment

Also found in: Legal.

Payment, Demand for


in the USSR, an order from a supplier for the transfer to his account of the appropriate sum from a purchaser’s account in payment for goods dispatched or services rendered. Demands for payment are used in acceptance accounting. They are used for local and intercity deliveries, as well as for direct shipments of finished products. The demand for payment should be drawn up and presented to the bank within three working days after the goods have been dispatched. In a number of instances a combined dispatch note and invoice, which gives the terms and elements of the charges in detail, is appended to the demand for payment. Since 1959, in order to simplify the work of the suppliers, a combined demand for payment, dispatch note, and invoice has been used. In accordance with the decree of the Council of Ministers of the USSR of Apr. 3, 1967, the bank collects a penalty for the supplier in cases where a demand for payment is not met on time. This penalty is set at 0.03 percent daily of the overdue amount.

References in periodicals archive ?
Nick Waind was sent a demand for payment after his wife drove through the retail park on her way to the Odeon cinema on November 26.
The suit claims Zaltash made a demand for payment but Brit refused.
Taylor said: "The threat of administration does hang over us and I, alongside the rest of the directors, hope that Jim and (former vicechairman) Vince Russo will defer their demand for payment and also do what is right, as they always said they would, for the future of Watford Football Club.
I RECENTLY moved house, and when I returned from holiday I found a demand for payment from a window cleaning company.
The IRS must send a 60-day notice of proposed assessment (Letter 1153) before making notice and demand for payment of the trust fund recovery penalty.
The bill was for repairs to the fence and was accompanied by a demand for payment of a pounds 120 admin- istration charge.
Other messages border on the criminal, with demand for payment of bills the recipient never ran up.
Since then, the city has dropped its demand for payment.
At 45 days, your business office can call and make a stronger demand for payment.
It happens all too often: a business owner gets an anonymous letter containing a sampling of his online customers' credit card numbers and a demand for payment if the business owner wants the thief to keep quiet and not post the stolen information online.
Confidential wishes to make it clear that such a demand for payment was never made by Alan and that big-hearted Alan is well known for his personal contribution to the local community and to a wide range of charitable causes which he has been happy to support throughout his career without any question of payment.
BUSINESSES in North Wales are being told to be on the lookout for a bogus demand for payment from a Bristol-based agency claiming to be concerned with data protection.