Money that is owed and should have been paid earlier
he was suing the lessee for the arrears of rent
the state of being behind in payments; "an account in arrears"
an unpaid overdue debt
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 account is said to be "in arrears". ...
(arrear) Work to be done, obligation; Unpaid debt; Towards the rear, backwards. [14th-16th c.]; Behind time; overdue. [15th-19th c.]
(Arrear) To gather and prepare an army
Money which is not paid when due, under a payment plan or amortization schedule. Could lead to enforcement of loan agreement by lender
An overdue account. For example, your lawyer may discover that the seller’s tax bill on a property is in arrears, meaning they’ve missed a scheduled payment.
Bills which should have been paid. For example, if you have forgotten to pay your last 3 months rent, then you are said to be 3 months in arrears on your rent.
Mortgage payment includes interest for prior month, or overdue payments in default.
Generally, being overdue in an installment payment.
When mortgage payments have not been paid on time and/or are not made at the correct amount, borrowers are said to be in arrears.
Arrears occur when you fail to meet the contractual payments to your household bills. Missing payments to your mortgage, rent or council tax etc can lead to serious arrears, which must be paid immediately. You can also be in arrears if you don't maintain your payments on unsecured debts. ...
Mortgage Arrears is used to describe missed, late or under paid mortgage repayments. If you stay in arrears you are likely to end up with a County Court Judgment or CCJ. This can also be described as defaulting on your mortgage or Mortgage Defaults. ...
(1) Payment made after it is due is in arrears. (2) Interest is said to be paid in arrears since it is paid to the date of payment rather than in advance, as is rent. Example: A rental payment made July 1 pays the rent to August 1. An interest payment made July 1 Pays the interest to July 1.
Money that was due to be paid but has not been paid. When you are behind in payments, you are in arrears.
An overdue account yet to be paid.
Can include a number of areas where contractually due payments have not been paid, eg Mortgage, loans and rent. Sometimes lenders express this as the number of missed monthly payments. ...
A past due amount on a debt, which accrues from the date on the first missed payment.
Money that was not paid when it was due, and which is still owing. Most commonly referred to in the context of dividends.
What happens when there is not enough net pay to cover all of an employee’s deductions, e.g., pay is docked; gross pay is lower than normal and cannot cover all deductions. Not all deductions are placed into arrears.
An overdue debt caused by a missed payment.
The total of overdue loan repayments.
To be in arrears is to be behind in the payments called for as part of the mortgage agreement.
Superannuation contributions which are overdue. Superannuation funds are required to inform members of contributions which may be arrears and actions being taken to collect the contributions.
when a borrower has fallen behind on loan or mortgage repayments.