Arrearage


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Arrearage

In the context of investments, refers to the amount by which interest on bonds or dividends on cumulative preferred stock is due and unpaid.

Arrearage

A previously due payment that has not been made. For example, because preferred stock has guaranteed dividends, a company is legally required to pay all dividends on preferred stock before it makes any dividend payments on common stock. If the company does not do so, usually because it has become cash poor, the preferred dividends are said to be in arrearage. This is also called being in arrears.

arrearage

An overdue payment. See also dividends in arrears.
References in periodicals archive ?
Payments on the outstanding arrearage will generally be allocated solely to the payment of principal on the Class WAC certificates.
9375 per share and will be applied to reduce the accumulated dividend arrearage.
The negative liquid position of the bank sector (difference between the remains of banks at correspondent accounts and deposits in CBR and the arrearage to the regulator and the federal budget) climbed slight up yesterday (to 1.
The new program - the Arrearage Case Management Program -- will require a thorough review of household budgets for each client.
Contracting officials are ranked based on their paternity establishments, the establishment of child support orders, child support collections and arrearage (past-due) collections.
The overarching focus of the agency is not assistance give-aways but rather programs, such as the arrearage management program, intended to help people achieve self-sufficiency.
If you are like most attorneys who practice family law, you have file cabinets filled with uncollected child support arrearage judgments.
Last year, estimated credits were provided on the bills and then debited later, causing a flurry of default and arrearage notices and flipping properties into the tax lien sale list because the computer read the open amounts as coming from the year the debit was applied to.
an unprocessed arrearage in the Library of 1,670,161 volumes-that is to say, better than a million and a half of the six million volumes and pamphlets (exclusive of maps, music, manuscripts, prints, etc.
A notice of lien will be issued immediately, unless a business is actively trying to obtain financing to pay the arrearage or there is some doubt about the trust fund liability.