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arrears

[əˈrɪrz]

arrears Definition

  • 1money that is owed and should have been paid earlier
  • 2the state of being behind or late in paying a debt or obligation

Using arrears: Examples

Take a moment to familiarize yourself with how "arrears" can be used in various situations through the following examples!

  • Example

    He fell into arrears with his rent payments.

  • Example

    The company is in arrears with its taxes.

  • Example

    The landlord threatened to evict the tenant for being in arrears.

arrears Synonyms and Antonyms

Synonyms for arrears

  • debt
  • back payment
  • outstanding payment

Phrases with arrears

  • behind or late in paying a debt or obligation

    Example

    The tenant was two months in arrears with his rent.

  • to fail to pay money that is owed at the time it is due

    Example

    If you fall into arrears with your mortgage payments, the bank may foreclose on your home.

  • to pay off a debt that is overdue

    Example

    The company had to clear arrears on its accounts before it could secure a loan.

Origins of arrears

from Old French 'arere', meaning 'behind'

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Summary: arrears in Brief

'Arrears' [əˈrɪrz] refers to money that is owed and should have been paid earlier, or the state of being behind or late in paying a debt or obligation. Examples include falling into arrears with rent payments or taxes, and the phrase 'in arrears' denotes being behind or late in paying a debt or obligation. 'Clear arrears' means to pay off a debt that is overdue.