- notification
- Receivable lending with the requirement that the borrower's account debtors must be notified of the bank's lien. The payments on the accounts are then usually sent directly to the lender by the account debtors.Sometimes called notification plan. American Banker Glossary
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to tell someone something officially or formally, usually by writing to them:• The company notified about 110 employees they would lose their jobs because of the planned closure.
notify somebody of something• Customers affected by this change are being notified of their options by letter.
— notification noun [countable, uncountable] :• You can ask for notification in writing if you wish.
• The goods may be assembled in the UK, provided the above notification is sent to Customs.
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notification UK US /ˌnəʊtɪfɪˈkeɪʃən/ noun [C or U]► the act of telling someone officially about something that has happened or will happen, or a document that does this: »a written notification
»You must give the bank notification in writing if you wish to close your account.
»Millions of taxpayers have now received notification of their new tax code.
notification to sb »Good professional practice requires notification to clients of major changes to the composition of a firm.
Financial and business terms. 2012.