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What does ultimatum mean?

Looking for the meaning or definition of the word ultimatum? Here's what it means.

Noun
  1. A final statement of terms or conditions made by one party to another, especially one that expresses a threat of reprisal or war.
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Examples
He rejected the proposals as an ultimatum imposed by the British military establishment.
The union lifted the gherao after giving the electricity board a one-day ultimatum.
On February 21 the council gave him an ultimatum of resigning or being sacked.
The workers were sacked a week later because they ignored an ultimatum ordering them back to work.
Union officers are defying the council ultimatum and continuing the jobs they were elected to.
When playing the ultimatum game, be aware that there's a neural basis to economic decision making.

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