Definition of Arrears
a debt that is overdue; unpaid
Examples of Arrears in a sentence
Because Jill’s credit card payment has been in arrears for three months, the card issuer is suspending her account. 🔊
You should frequently check your credit report to ensure no arrears have been improperly linked to your credit history. 🔊
Since the president of our condo association is in arrears on his dues, he has been asked to resign from the board. 🔊
There is an additional fifteen dollars owed for every day the rental payment remains in arrears. 🔊
When Jim lost his job, most of his credit accounts went into arrears. 🔊
Other words in the Money and Business category:
Most Searched Words (with Video)