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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.


(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.

References in periodicals archive ?
The Hello Nepal has to pay around 799 million arrears to the NTA.
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.
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.
The committee was informed that around 40,000 retired employees of the PTCL are waiting for their arrears from 2010.
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.
Birmingham City Council is cracking down on the problem in a bid to stop rent arrears spiralling out of control.
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.
If a tenant falls into arrears for eight weeks or more with their contributions, their HAP payment is stopped, local authority rules state.
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.
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.
An estimated PS988,052 of the council's rent arrears is due to Universal Credit.
SOUTH Tyneside Council's housing provider is owed nearly PS1m in arrears from tenants claiming universal credit.