overdue payments, unpaid debts
condition of being behind or delayed, condition of having an uncompleted duty
Search Dictionary
Arrears Definition from Language, Idioms & Slang Dictionaries & Glossaries
Noun
1. the state of being behind in payments; "an account in arrears"
(hypernym) indebtedness, liability, financial obligation
2. an unpaid overdue debt
(hypernym) debt
Arrears Definition from Business & Finance Dictionaries & Glossaries
Arrears Definition from Encyclopedia Dictionaries & Glossaries
Arrears (also sometimes known as rearage) is a legal term for the part of a debt that is overdue after missing one or more required payments. The amount of the arrears is the amount accrued from the date on which the first missed payment was due. The term is usually used in relation with periodically recurring payments such as rent, bills, royalties (or other contractual payments), and child support.
| See more at Wikipedia.org... |
Arrears Definition from Law Dictionaries & Glossaries
A debt that is not paid on the due date accumulates as 'arrears'. E.g., if a tenant doesn't pay rent, the debt still exists and is referred to as 'arrears'. Also used to describe child or spousal maintenance or support which is not paid by the due date.
Courtesy of the 'Lectric Law Library.
A debt that is not paid on the due date adds up and accumulates as 'arrears'. - (read more on Arrears)
2008 Duhaime.org. All rights reserved.
The amount of money by which a contract or obligation is in default.
