Search
Arrears
01
an unpaid debt that is past due
Example
The company 's financial statements revealed significant arrears in accounts receivable, indicating a potential cash flow problem.
Sarah finally cleared her tax arrears by entering into a payment plan with the IRS, relieving her of a considerable financial burden.
The landlord served a notice to pay the rent arrears within seven days or face eviction from the apartment.
02
the state of being behind in payments
Example
The company's financial statements revealed significant arrears in accounts receivable, indicating a potential cash flow problem.
Sarah finally cleared her tax arrears by entering into a payment plan with the IRS, relieving her of a considerable financial burden.
The landlord served a notice to pay the rent arrears within seven days or face eviction from the apartment.
Due to the arrears on his student loans, Mark's credit score plummeted, making it difficult for him to secure a mortgage.
Despite repeated reminders, John still hasn't settled his arrears with the utility company, causing his electricity to be disconnected.
Nearby Words
