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
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References in periodicals archive ?
Steps Used to Calculate Statutory Interest on Support Arrearages
The intersection of F.S. 55.03 and Florida family law: statutory interest calculations for past-due support payments
B) the obligor's total child support arrearage and retroactive support payment;
Amendments dealing with child support orders
Illinois child-support obligees have many options for enforcing and collecting an arrearage on court-ordered child support.
Child support: the price of not paying: tools for enforcing child-support collection: Illinois child-support obligors who refuse to pay risk losing driving privileges, professional licenses, the right to hunt or fish, and other serious penalties. This article describes enforcement incentives available to obligees
The arrearage is cured over a course of up to five years, and the debtor is given a fresh start.
Following the letter of the law: servicers need to carefully monitor what is in a bankruptcy plan before it's confirmed, if they want to ensure full repayment under Chapter 13
When someone pays their arrearages, this consists of the owed mortgage payments in addition to their current monthly mortgage, taxes, escrow payments, corporate advances, and attorneys fees that are charged by the mortgage servicer and the substitute trustee who will be receiving the payments.
Save your home from foreclosure: if you're facing the nightmare of losing your home, these strategies can help
Credits are placed in this category when transfer-risk problems have prevented borrowers in the country from fulfilling their obligations to service external debt, as evidenced by arrearages, forced restructurings, or rollovers.
Transfer risk in U.S. banks
Those with arrearages of not more than six months will get 100 percent discount on unpaid interest, penalties and surcharges.
GSIS extends housing loan restructuring program deadline
If there are any arrearages owed at the time the Income Deduction Order is entered, they must be included in the line for arrears, along with the amount and frequency of the payments due for the arrears, which shall be no less than 20% of the current support obligation.
Proposed amendments to Family Rules forms
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?
Court upholds support-arrearage payments at 60 percent of income: the Third District upheld a ruling requiring an obligor to pay 60 percent of his income to pay off a child-support/maintenance arrearage totaling more that $200,000
This is not a desirable result as the payment of arrearages of support during incarceration is nonexistent and your client is still owed the monies.
QDROs - a powerful tool for child support enforcement
FHA allows lenders to refinance in a new FHA mortgage arrearages of three months or more if the borrower has resolved the temporary financial hardship that has caused the default.
Servicing FHA single-family loans

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