statutory demand
C1CEFR level
72/100Rarity: rare
TechnicalRegister
A formal written demand for payment of a debt, non-compliance with which can found insolvency proceedings.
The creditor served a statutory demand, giving the company twenty-one days to pay before a winding-up petition followed.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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