arrears
1 ENTRIES FOUND:
Britannica Dictionary definition of ARREARS
[plural]
1
:
money that is owed and that has not been paid when it should be
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He's been trying to pay off the arrears on his mortgage.
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alimony/rent arrears
2
— used to describe a situation in which someone has failed to make a regular payment at the required time
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He is two months in arrears [=behind] with his mortgage payments.
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The account is two months in arrears. [=overdue, delinquent]
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He has fallen into arrears on his mortgage payments.
3
— used to describe a situation in which someone is paid money that was earned at an earlier time
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You will be paid interest on your investment in arrears.
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construction workers paid in arrears for their work
