What Are Arrears?


Arrears is the part of payment that has not been paid yet. a person may have one or more areas depending on where they owe money. arrears can been in form of mortgaging, rent, bank payment, dividend, school fees among others.
3 Additional Answers
Ask.com Answer for: what are arrears
the state of being behind or late, especially in the fulfillment of a duty, promise, obligation, or the like: Many homeowners have fallen into arrears.
something overdue in payment; a debt that remains unpaid: Those countries that have paid their arrears may be granted additional loans.
in arrears behind or late, especially in payment: She was three months in arrears on her mortgage and credit card payments.
Source: Dictionary.com
Arrears can be defined as money that is owed and should have been paid earlier, that is, overdue. It is also sometimes known as rearage.The word also refers to the state of being late in repayment of debts.
Arrears refer to an outstanding or overdue amount. It can be used in a situation where interest payments to bond holders were not paid when due or a sum of money where a non-custodial parent owes for past-due child, medical or spousal support, for a specific time period.
Q&A Related to "What Are Arrears"
The term arrears can have a negative connotation. It generally means a past-due debt. For example, if you have a bill that is due the first of the month, and, at the end of that month
Arrears:1:the state of being behind in payments; 2:an unpaid overdue
The English term 'arrears' has a couple of distinct meanings: 1: the state of being behind in payments; 2: an unpaid overdue debt.
arrears: the state of being behind in payments; an unpaid overdue debt
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