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 ?
I am happy to tell you that some progress have been made on the challenges of the 33 per cent arrears.
Outgoing CEO, Gerry Mallon, said the bank could sell as many as 7,000 mortgages in arrears.
The Young Doctors Association and Pakistan Medical Association (PMA) had last week announced a strike for Thursday if their arrears were not paid.
Tuskys merger was only to pay for the months going forward, not the arrears, they said.
Housing Minister Caroline Dinenage revealed the Department had launched an inquiry "to investigate the reality of rent arrears in Universal Credit", as she answered questions in the House of Commons from Gateshead MP Ian Mearns.
17 per cent in concluding sustainable solutions as a percentage of loans representing arrears over 90 days in January to March, against a target ratio of 15.
He said: "There are over 76,000 family home mortgages in arrears, with 41,000 of these mortgages in arrears of a year or more.
What if the council tax arrears are paid to the council before the summons has been issued?
Kirklees Council says it is not in the public interest to name the other three councillors who received warning letters as they were not in arrears of more than two months.
The rate of mortgage arrears among homeowners in the UK remained at a 20-year low in the third quarter, it was reported on Thursday.
Supporting younger tenants in sustaining their tenancies and linking rent arrears management with employment initiatives
After verification, they would be paid all the arrears, he added.