Legal Definitions - Money Demand

Money demand refers to a request for a specific amount of money, rather than a request for compensation that needs to be determined by a judge or jury.

For example, if someone owes you $500 for a debt they have not paid, you can make a money demand for that amount. This means you are asking for the exact amount owed, rather than asking a court to determine how much compensation you should receive.

Another example of a money demand is when a person is seeking payment for goods or services they have provided. They can make a demand for the specific amount owed, rather than asking a court to determine the value of the goods or services.

Money demand is a straightforward way to seek payment for a debt or for goods and services provided. It eliminates the need for a court to determine the value of the claim, making the process quicker and simpler.