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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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When playing the ultimatum game, be aware that there's a neural basis to economic decision making.
Instead, he issued an ultimatum to the people who are suffering under this occupation.
The workers were sacked a week later because they ignored an ultimatum ordering them back to work.
At issue was an ultimatum issued for a crackdown on the privatization of health care.
The editorial amounts to an ultimatum to carry out the bidding of the extreme right.
He reacted by demanding that he should not be confronted with an ultimatum.

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