arrears

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Related to in arrears: by fits and starts, Interest in Arrears

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.

References in periodicals archive ?
A legal judgement states a councillor can fulfil their duties - vote on budget matters - if they are less than two months in arrears.
It is clear, therefore, that while a significant portion of borrowers in arrears are still in employment, many of these borrowers have experienced a deterioration in affordability.
Conceding that the advance interest payments resulted in "an odd portrayal of Leverage Leasing's taxable income," the court said Congress had allowed it through taking no action to prevent "the payment of interest in arrears before the due date, so long as the interest was allocable to the year in which it accrued.
in one have PS1,100, that and going to it Mearns " Newcastle is not alone in reporting an increase in arrears.
There were 73,706 owner-occupier loans in arrears at the end of June, a drop of 3.
With 33,000 in arrears of two years or more the Government and the Central Bank need to place a greater emphasis on resolving these cases.
Lenders are allowed to levy fees on a mortgage account when it falls into arrears by two months or more, but Yorkshire was found to have been wrongly applying the charges for some customers in arrears when it conducted a review in light of the FCA's concerns.
According to the latest available figures, the number of tenancies in arrears for 2011-2012 varies from 1,804 in Blaenau Gwent, 1,852 in Merthyr Tydfil to 6,620 in Caerphilly.
Where problems arise, they tend to concern tenants in cheaper properties: across the UK, the average rent of tenants in arrears was pounds 472 per month in July, which is 30% below the average monthly rent.
Series leader Hodgson powered his INS Ducati into pole position with just 50 seconds of the final qualifying session remaining at the Leicestershire circuit yesterday, but Suzuki-riding Walker was less than half a second in arrears.
At AKAM, we have set policies in place which nearly always achieve the objective of collecting payments in arrears and minimizing expenses to the properties.