English

Definition of arrears noun from the Oxford Advanced Learner's Dictionary

 

arrears

 noun
noun
BrE BrE//əˈrɪəz//
 
; NAmE NAmE//əˈrɪrz//
 
[plural] Buying a home, Banking
 
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  • money that somebody owes that they have not paid at the right time rent/mortgage/tax arrears See related entries: Buying a home, Banking
  • Word Origin Middle English (first used in the phrase in arrear): from arrear (adverb) ‘behind, overdue’, from Old French arere, from medieval Latin adretro, from ad- ‘towards’ + retro ‘backwards’.Extra examples She was six months in arrears with the mortgage. The country had accumulated arrears of $80 million on loans of $400 million. The government has agreed to pay all arrears owed to members of the armed forces. The local authority must try to recover arrears of rent. There have been sharp increases in arrears on interest payments. They fell into arrears with their rent. You will be paid monthly in arrears. struggling to pay off her mortgage arrears Our tenants have fallen into arrears with their rent. The family is facing eviction over mortgage arrears. Unions are demanding the settlement of pay arrears.Idioms
    be in arrears, get/fall into arrears
     
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    to be late in paying money that you owe We're two months in arrears with the rent. See related entries: Buying a home, Banking
    if money or a person is paid in arrears for work, the money is paid after the work has been done See related entries: Buying a home, Banking
    See the Oxford Advanced American Dictionary entry: arrears