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arrears

ar·rears / əˈri(ə)rz/ • pl. n. money that is owed and should have been paid earlier: the arrears of rent. PHRASES: in arrears (also chiefly Law in arrear) behind in paying money that is owed: two out of three tenants are in arrears. ∎  (of payments made or due for wages, rent, etc.) at the end of each period of work or occupancy: you will be paid monthly in arrears. DERIVATIVES: ar·rear·age / əˈri(ə)rij/ n.

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"arrears." The Oxford Pocket Dictionary of Current English. . Encyclopedia.com. 21 Aug. 2017 <http://www.encyclopedia.com>.

"arrears." The Oxford Pocket Dictionary of Current English. . Encyclopedia.com. (August 21, 2017). http://www.encyclopedia.com/humanities/dictionaries-thesauruses-pictures-and-press-releases/arrears

"arrears." The Oxford Pocket Dictionary of Current English. . Retrieved August 21, 2017 from Encyclopedia.com: http://www.encyclopedia.com/humanities/dictionaries-thesauruses-pictures-and-press-releases/arrears

Arrears

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.

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"Arrears." West's Encyclopedia of American Law. . Encyclopedia.com. 21 Aug. 2017 <http://www.encyclopedia.com>.

"Arrears." West's Encyclopedia of American Law. . Encyclopedia.com. (August 21, 2017). http://www.encyclopedia.com/law/encyclopedias-almanacs-transcripts-and-maps/arrears

"Arrears." West's Encyclopedia of American Law. . Retrieved August 21, 2017 from Encyclopedia.com: http://www.encyclopedia.com/law/encyclopedias-almanacs-transcripts-and-maps/arrears