What does arrears mean?

arrears meaning in Legal Dictionary

n. cash maybe not compensated whenever due, often the sum of a few outstanding quantities, such as for example lease, installments on a free account or promissory note, or monthly child help. Often these are called "arrearages."

arrears meaning in Law Dictionary

staying debt or liability after the deadline. A typical example of this could be a loan repayment. AKA arrearage.

arrears meaning in Etymology Dictionary

mid-14c., "in times previous," from Old French ariere "behind, backward," from Vulgar Latin *ad retro, from Latin ad "to" (see ad-) + retro "behind" (see retro-). Meaning "balance because of" dates from early 15c.; phrase in arrears initially taped 1610s, however in arrearages is from late 14c.

arrears meaning in Business Dictionary

obligation or responsibility perhaps not fulfilled on the due date. Loan repayments are in arrears the day when they tend to be due. Also called arrearage.

arrears meaning in General Dictionary

their state of being behind in payments

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  • an unpaid delinquent financial obligation

Sentence Examples with the word arrears

He remitted all arrears of taxes, the collection of which was for the future placed in the hands of the local officials.

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