What Are Arrears?

Answer

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
ar·rears
[uh-reerz]
PLURAL NOUN
1.
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.
2.
something overdue in payment; a debt that remains unpaid: Those countries that have paid their arrears may be granted additional loans.
IDIOMS
3.
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
http://www.ehow.com/info_12012116_arrears-real-est...
Arrears:1:the state of being behind in payments; 2:an unpaid overdue
http://www.chacha.com/question/what-are-arrears
The English term 'arrears' has a couple of distinct meanings: 1: the state of being behind in payments; 2: an unpaid overdue debt.
http://wiki.answers.com/Q/What_does_arrears_mean
arrears: the state of being behind in payments; an unpaid overdue debt
http://www.kgbanswers.com/what-is-an-arrears/29057...
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If you are renting a home or apartment, or even a building from someone and you are late on your payment, this is called rent arrears. The exact definition for ...
Arrears are 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 ...
Arrears is a business term that stands for overdue in payment or a debt that remains unpaid. ...
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