Definition, Meaning & Synonyms

payment-claim

Noun

/ˈpeɪ.mənt kleɪm/

Definition

A formal request made to receive payment for a service or product provided.

Examples

After completing the project, the contractor submitted a payment-claim to the client.
The insurance company received a payment-claim for the damage caused in the accident.
It is important to include all necessary documentation with your payment-claim for it to be processed quickly.

Meaning

A payment-claim is used by individuals or organizations to demand compensation for work completed or goods delivered, typically in a business or insurance context.