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.

arrears

(1) Being past due on a debt.(2) Paid at the end of the period rather than the beginning. Rent is usually paid in advance,at the beginning of the month for the coming month.Interest is usually paid in arrears,at the beginning of the month for interest accrued during the prior month.Real estate taxes are usually paid in arrears.

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References in periodicals archive

The Hello Nepal has to pay around 799 million arrears to the NTA.

Sumargi -owned Hello Nepal's license scrapped

Chemelil owes staff a total of Sh844 million- Sh438 million for net salary arrears, and Sh152 million for retirement benefits and terminal dues for 175 former employees as of July 31, 2019.

State sugar firms owe workers Sh2.8 billion salary arrears

It would be recalled that the immediate past government had estimated its total salary indebtedness to the six state-owned tertiary institutions to amount to N6.8billion representing outstanding salaries spanning January 2016 to December 2017 and set aside N200 million monthly special grant to offset the outstanding arrears, effective March 2019.

Increase Grants To Offset Our Salary Arrears, Oyo Tertiary Institutions' Staff Urge Makinde

The committee was informed that around 40,000 retired employees of the PTCL are waiting for their arrears from 2010.

Senate body for early release of pension to PTCL employees

However, a meeting of the Senate Sub-committee on Information Technology and Telecommunication ordered all the board members of the PTET to clear arrears within the month of May.

Telecom Workers' Trust told to clear pensioners' dues

Birmingham City Council is cracking down on the problem in a bid to stop rent arrears spiralling out of control.

Universal Credit row sparks rent debts crisis

What order the court could pass in this case, he said.He said let the court bring the stances of all respondents on record as federal and provincial governments were ready to pay arrears.

SC orders to pay judges' pension arrears within three years

If a tenant falls into arrears for eight weeks or more with their contributions, their HAP payment is stopped, local authority rules state.

650 housing support payments ended

The FCA was concerned that some lenders are leaving borrowers to complete complicated arrears forms on their own, and that they were also taking an inconsistent approach to the way they dealt with arrears.

Borrowers beware of falling into home arrears; The big issue

A council report says the Government's new benefit system is having a "significant impact" with more tenants on Universal Credit in arrears and owing much more money than for those on Housing Benefit.

'Universal Credit is impacting rent debt'

An estimated PS988,052 of the council's rent arrears is due to Universal Credit.

Tenants on Universal Credit owe almost PS1m

SOUTH Tyneside Council's housing provider is owed nearly PS1m in arrears from tenants claiming universal credit.

Universal credit arrears hit PS1m