arrears definition

arrears

Liability or obligation not met on the due date. Loan payments are in arrears the day after they are due. Also called arrearage.

arrears is in the Accounting & Auditing and Banking, Commerce & Finance subjects.

arrears appears in the definitions of the following terms: setoff, bond ratings and arrearage

arrears appears in these other terms: annuity in arrears, interest in arrears

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