Arrearage


Also found in: Dictionary, Thesaurus, Legal.

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 ?
through endowment) to cover for the electricity cost or incur arrearage when they receive that bill with a surprisingly high amount due.
However, the repayment of the support arrearage could involve periodic payments once the initial amount has been determined.
D) the date on which child support arrearage and retroactive support payments will begin and end.
We use a data mining tool Clementine (a data mining tool of SPSS) and Kohonen neural network clustering algorithm to analyze the data of training set, in order to find customer groups which are maliciously in arrears and the basic features of these groups, then we will use these features to forecast the customers who may be maliciously in arrears and the probability of malicious arrearage happens so that we can ask for calling fees before this kind of customers leave the network.
Although the creditor filed a proof of claim with a different arrearage figure, the proof of claim wasn't filed until after the plan was confirmed.
The library reserved MLC for categories of materials that had been in arrearage for over three years or for certain publications for which subject access was an uncommon aspect of retrieval.
Due to the small remaining balances and lack of loan-level information available on the arrearage loans, Fitch did not project recoveries on the remaining loans or perform projected cashflow analysis on the classes.
You shall deduct ([check] one only) ( ) the full amount, ( ) %, or ( ) none of the income which is payable to the obligor in the form of a bonus or other similar one-time payment, up to the amount of arrearage reported in the Income Deduction Order or the remaining balance thereof, and forward the payment to the State of Florida Disbursement Unit.
That statute provides in relevant part that if there is an unpaid arrearage or delinquency amounting to at least one month's support obligation as of the date current support is terminated, the periodic support payment is to continue in the same amount, in addition to any previously required arrearage payment, to be applied toward satisfying the arrearage.
Not only can the custodial parent who's owed the back child support possibly collect a lump-sum equivalent of the arrearage, most states provide for statutory interest to accrue over the period of the arrearage.
They may be used when the arrearage is small and/or the duration of the agreement will be three months or less.