What does in arrears mean?

Definitions for in arrears
in ar·rears

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

Princeton's WordNet

  1. behind, behindhand, in arrearsadverb

    in debt

    "he fell behind with his mortgage payments"; "a month behind in the rent"; "a company that has been run behindhand for years"; "in arrears with their utility bills"

Wikipedia

  1. in 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. in arrears

    In arrears is a term used in finance to indicate that payments for a debt, interest, or dividends are overdue or late. It can also refer to payment in rear — made after a service has been performed, rather than before. The term is often used in context of overdue installment payments, whether for loans, mortgages, rents, or taxes.

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Numerology

  1. Chaldean Numerology

    The numerical value of in arrears in Chaldean Numerology is: 4

  2. Pythagorean Numerology

    The numerical value of in arrears in Pythagorean Numerology is: 4

Examples of in arrears in a Sentence

  1. 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.

  2. West African:

    The key element of what we are doing is to address the revenue shortfalls, ensure the achievement of the objectives of the ongoing fiscal consolidation, and keep borrowing in line with approved levels. We have also cleared most of the arrears and we are removing subsidies.

  3. Petroleum Minister Tarek El Molla:

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

  4. Louise Sunderland:

    Since 2019 a lot has changed, but more than 12 million households [ in Earth Europe ] were [ already ] in arrears with their utility bills.

  5. Human Rights Watch:

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

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"in arrears." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/in+arrears>.

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