What does calls in arrears mean?

calls in arrears meaning in Law Dictionary

cash labeled as up for stocks, yet not paid on correct time. The stocks are forfeited or a particular phone calls in arrears account is set up to debit the amounts owing.

calls in arrears meaning in Business Dictionary

bad debts for stocks which includes maybe not already been paid timely. The total amount owed is positioned in a calls in arrears account until premium or even the shares could be forfeited.