arrears

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Arrears

A sum of money that has not been paid or has only been paid in part at the time it is due.

A person who is "in arrears" is behind in payments due and thus has outstanding debts or liabilities. For example, a tenant who has not paid rent on the day it is due is in arrears.

Arrears may also refer to the late distribution of the dividends of cumulative preferred stock.

arrears

n. money not paid when due, usually the sum of a series of unpaid amounts, such as rent, installments on an account or promissory note, or monthly child support. Sometimes these are called "arrearages."

arrears

noun arrearage, back payments, balance due, debit, debt, debt unpaid though due, default, deferred payment, deficit, delinquency, indebtedness, indebtment, liability, obligation, outstanding debt, overdue bill, overdue payment, payments past due, pecuniae residuae, state of indebtedness, unpaid bill, unpaid debt
Associated concepts: arrears in taxes, arrears of alimony, arrears of assessment, arrears of dues, arrears of interest, arrears of premiums, arrears of rent, arrears of taxes, judggent on arrears
See also: debit, debt, deficit, delinquency, due
References in periodicals archive ?
Are there limits on a circuit court's authority to set the amount of a noncustodial parent's periodic payments toward arrearages in child support and maintenance after his current obligation to pay support ends?
The Agreement states that the company will declare and pay a cash dividend of $100,000 on the Outstanding Preferred Stock and exchange 3,500,000 shares of a new 2000 Convertible Preferred Stock (the "New Preferred Stock") for the 3,000,000 shares of the Outstanding Preferred Stock and cancellation of the $500,000 balance of the Dividend Arrearage.
They may be used when the arrearage is small and/or the duration of the agreement will be three months or less.
In Vorwald, a $10,670 judgment payable to his former spouse Kathleen was entered against Mark Vorwald for child support arrearages.
Pursuant to this section, a debtor has the right to essentially cure the arrearages on the loan by agreeing to repay them over the life of the plan.
We are unable to see how petitioners could have any cost or other basis with regard to the arrearages in such payments, or to see how any funds of theirs can be said to have created the debt here in question or to have constituted its cost.
based diversified financial services company specializing in the acquisition of structured settlements, lottery receivables and life settlements, has clearly set an example for other financial institutions to follow, as the company has paid more than $235,000 in child support arrearages and more than $238,000 in liens/judgments over the past eighteen months.
Sometimes the owner cuts a deal with the tenant and reduces the arrearages just to obtain some money, Margulies said.
Rio Vista does not have sufficient available cash to pay the minimum quarterly distributions to its common unitholders or any arrearages.
DCR) downgraded ARM Financial's preferred stock rating to 'DP', preferred stock with dividend arrearages, and removed the rating from Rating Watch-Down.
Once that relief is granted, the state nearly always pays the owner of the building all of the rent directly, including the arrearages.
All previously accrued cumulative distribution arrearages aggregating $111.