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 ?
It is noted that simultaneously with the termination of the tenancy by the tenant, the landlord also terminated the tenancy agreement, since the tenant owed to him rents in arrear and despite giving him 21 days' notice to pay them, he did not respond.
Alma Tour hit the headlines after Bulgaria Air announced on September 9 that it was refusing to carry passengers whose tickets had been booked by the company because the firm owed seven million leva in arrear debt to the airline.
375% to be paid every six months in arrear and the reference price of the company's common shares was fixed at USD29.
5%, payable quarterly in arrear, and will be convertible at a price equal to a premium of 25-30% over the volume weighted average price of the company's shares on NASDAQ OMX Stockholm exchange between launch and pricing.
The stance of Punjab representative that Punjab share is still left in arrear in Indus zone was rejected in the meeting.
The notes will bear interest at a rate of six per cent per annum payable semi-annually in arrear from (and including) the issue date for a period of five years, and thereafter at a floating rate, reset and payable semi-annually in arrear, reflecting the initial margin.