What does arrears mean?

Definitions for arrears
ar·rears

This dictionary definitions page includes all the possible meanings, example usage and translations of the word arrears.

Princeton's WordNet

  1. arrearsnoun

    the state of being behind in payments

    "an account in arrears"

  2. arrearsnoun

    an unpaid overdue debt

Wiktionary

  1. arrearsnoun

    An unpaid or overdue obligation. A debt.

Wikipedia

  1. Arrears

    Arrears (or arrearage) 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. Payment in arrear is a payment made after a service has been provided, as distinct from in advance, which are payments made at the start of a period. For instance, rent is usually paid in advance, but mortgages in arrear (the interest for the period is due at the end of the period). Employees' salaries are usually paid in arrear. Payment at the end of a period is referred to by the singular arrear, to distinguish from past due payments. For example, a housing tenant who is obliged to pay rent at the end of each month, is said to pay rent in arrear, while a tenant who has not paid rental due for 30 days is said to be one month in arrears. Precise usage may differ slightly (e.g. "in arrear" or "in arrears" for the same situation) in different countries.

ChatGPT

  1. arrears

    Arrears refers to the state of being late or behind in fulfilling obligations, particularly financial ones such as unpaid debts, bills, or dividends. It can also refer to the unpaid or overdue amount itself. This term is often used in the context of overdue payments for rent, loans, or other forms of credit. Also, when payments are made after a service is provided, they are considered to be "in arrears."

Wikidata

  1. Arrears

    Arrears 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, and child support. Payment in arrears is a term describing payments made after a service has been provided. In this case use of the word "arrears" does not imply any breach.

Dictionary of Nautical Terms

  1. arrears

    The difference between the full pay of a commissioned officer, and what he is empowered to draw for till his accounts are passed.

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Numerology

  1. Chaldean Numerology

    The numerical value of arrears in Chaldean Numerology is: 7

  2. Pythagorean Numerology

    The numerical value of arrears in Pythagorean Numerology is: 8

Examples of arrears in a Sentence

  1. David Grayson:

    I sometimes think we expect too much of Christmas Day. We try to crowd into it the long arrears of kindliness and humanity of the whole year. As for me, I like to take my Christmas a little at a time, all through the year. And thus I drift along into the holidays--let them overtake me unexpectedly--waking up some fine morning and suddenly saying to myself Why this is Christmas Day

  2. Petroleum Minister Tarek El Molla:

    The arrears owed to foreign oil companies by Egypt reached around $3 billion at the end of December.

  3. Mark Steward:

    By not sufficiently understanding their customers' circumstances the banks risked treating unfairly more than a quarter of a million customers in mortgage arrears, over several years.

  4. Oren Arnold:

    Don't expect too much of Christmas Day. You can't crowd into it any arrears of unselfishness and kindliness that may have accrued during the past twelve months.

  5. Human Rights Watch:

    This provision appears tailor-made to suppress organized gatherings to prevent evictions for mortgage default and rent arrears.

Popularity rank by frequency of use

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Translations for arrears

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"arrears." Definitions.net. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.definitions.net/definition/arrears>.

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