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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


(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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
There are more tenants in arrears and the amount of the arrears is much higher for Universal Credit claimants than for those on Housing Benefit," a council report says.
The post Over a quarter of Cypriots in arrears in 2016 appeared first on Cyprus Mail .
ha wth h 65% Number of family home mortgages in arrears not restructured
In other words, even though a relatively large proportion of borrowers who are in arrears are currently employed, a sizeable number of these borrowers are in a state of fragile employment.
Hokkaido, Yamanashi, Wakayama and Saga prefectures attributed their increases in arrears to a rise in the number of corporate bankruptcies and the poor due to slumping regional economies.
Group manager for housing management, Angela Forshaw, said: "Of the pounds 2m increase in arrears among current tenants, I would estimate that pounds 1.6m was due to outstanding Housing Benefit claims.
Last year it cut arrears cases by 21 per cent, while the number of accounts more than 12 months in arrears plummeted by 44 per cent to just 74.
Leverage Leasing was entitled to receive accrued rents in arrears; in turn, it was obligated to pay interest, also in arrears, on loans related to the properties for which rent was received.
In this case, the husband owed $20,000 in arrears the day he walked into court to apply for a reduction.
In 20 percent of the buildings, more than 5 percent of the shareholders are in arrears.
THE number of homeowners in arrears with their mortgage or having their house repossessed remained at low levels by long-term standards in the third quarter of this year, trade association UK Finance has said.
The other thing that the KMC found itself immersed in that week was to figure out how to get the amount (in arrears) that the central government departments owed to the corporation.