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
arrearsnoun
the state of being behind in payments
"an account in arrears"
arrearsnoun
an unpaid overdue debt
Wiktionary
arrearsnoun
An unpaid or overdue obligation. A debt.
Wikipedia
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
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
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
arrears
The difference between the full pay of a commissioned officer, and what he is empowered to draw for till his accounts are passed.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of arrears in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of arrears in Pythagorean Numerology is: 8
Examples of arrears in a Sentence
This provision appears tailor-made to suppress organized gatherings to prevent evictions for mortgage default and rent arrears.
Petroleum Minister Tarek El Molla:
The arrears owed to foreign oil companies by Egypt reached around $3 billion at the end of December.
Watching this impending eviction wave is hard because the solution is available, the money to address the arrears is available. It is enough money. We just need more time to get it to the landlords and tenants that need it.
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.
If tenants are back to work and have cash flow again, that may set them up to pay rent in the future, but you still need the relief to pay the arrears, the people who feel this the most are the small owners. Their income is the rental properties they have. They are the folks who are taking the most pain and suffering from the brunt of this experience. That's why we need this assistance.
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Translations for arrears
From our Multilingual Translation Dictionary
- متأخراتArabic
- nedoplatkyCzech
- restanceDanish
- VerzugGerman
- prokrastojEsperanto
- atrasosSpanish
- عقب افتادگیPersian
- maksurästitFinnish
- dette, arriéré, arréragesFrench
- riaráistíIrish
- hátralékokHungarian
- tunggakanIndonesian
- arretratiItalian
- פיגורHebrew
- aretroLatin
- achterstallenDutch
- restanseNorwegian
- długiPolish
- atrasosPortuguese
- restanțeRomanian
- задолженностьRussian
- skuld, efterskottSwedish
- borçlarTurkish
- truy thuVietnamese
- 欠款Chinese
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"arrears." Definitions.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.definitions.net/definition/arrears>.
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