noun money that is owed and should have been paid earlier
adjective being in arrears, or behind in payment
In real estate, arrears can refer to unpaid rent or other financial obligations related to property ownership or rental agreements.
Arrears refers to overdue payments or debts that have not been paid on time. It is commonly used in the context of loan repayments, rent payments, and other financial obligations.
In legal contexts, arrears can refer to the failure to meet a legal obligation, such as child support payments or court-ordered payments.
Arrears are used in accounting to indicate payments that are past due and have not been settled.
In the context of finance or accounting, a writer may use the term 'arrears' to refer to overdue payments or debts that have not been paid on time.
A psychologist may use the term 'arrears' when discussing a client's past experiences or unresolved issues that are affecting their current mental health or behavior.
Lawyers may use the term 'arrears' when referring to unpaid child support or alimony payments that a client may be owed or required to pay.
Real estate agents may use the term 'arrears' when discussing rental properties and referring to tenants who are behind on their rent payments.
Human resources managers may use the term 'arrears' when discussing employee benefits and referring to any missed or delayed payments that need to be rectified.