Did you mean: arrears, arrearage, grace (in Christian theology), Arrears (2002 Album by Frank Gratkowski/Georg Graewe/John Lindberg), in arrears
Dictionary:
ar·rears (ə-rîrz')  |
[Middle English arrers, from arrere, behind, from Old French arere, from Vulgar Latin *ad retrō, backward : Latin ad, to; see ad- + Latin retrō, behind.]
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| Business Dictionary: Arrears, In |
1. At the end of a term. Interest on mortgage loans is normally paid in arrears; that is, interest is paid at the end of a month or other period. Generally, rent and insurance premiums are paid in advance.
2. In default; overdue in payment.
| Banking Dictionary: Arrears |
1. Debt, installation loan payment, or bond interest due but unpaid. Loans unpaid after an allowed Grace Period are considered delinquent. The term also applies to unpaid preferred stock dividends.
2. Mortgage or installment loan interest payable at specific dates for the use of borrowed money in the previous period.
| Real Estate Dictionary: Arrears |
1. At the end of a term.
Example: Interest on mortgage loans is normally paid in arrears. This means that interest is paid at the end of a month or other period. Generally, rent and insurance are paid in advance.
2. Sometimes used to signify default; overdue in payment.
Example: Jones has not made his scheduled mortgage payments for three months; he is in arrears.
| Thesaurus: arrears |
noun
| Antonyms: arrears |
Definition: debt
Antonyms: early payment, prepayment
| Law Encyclopedia: Arrears |
A sum of money that has not been paid or has only been paid in part at the time it is due.
A person who is "in arrears" is behind in payments due and thus has outstanding debts or liabilities. For example, a tenant who has not paid rent on the day it is due is in arrears.
Arrears may also refer to the late distribution of the dividends of cumulative preferred stock.
| Word Tutor: arrear |
| Wikipedia: Arrears |
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Arrears (also sometimes known as rearage) is a legal term for a type of debt which is overdue after missing an expected payment. It is also used (in the form in arrears) for payments that occur at the end of a period.
Arrears accrue from the date on the first missed payment was due. The term is often used to describe being late with rent, bills, royalties (or other contractual payments), child support, or other legal financial obligation.
An obligation is said to be in arrears if it is past due or overdue. "Arrears" is, further, not a late payment or charge for late rent, but the state of being late for rent.
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The term in arrears is also used in many contexts to refer to payments made at the end of a period, and is contrasted with in advance, which are payments made at the start of a period.[1] For instance, one generally pays rent in advance (the month's rent is due at the beginning of the month), but mortgages in arrears (the interest for the period is due at the end of the period). Likewise, job wages and salary are typically paid in arrears.
In other contexts, payment at the end of a period is referred to by the singular arrear, to distinguish from past due payments. For example, a housing tenant who is obliged to pay rent at the end of each month, is said to pay rent in arrear, while a tenant who has not paid rental due for 90 days is said to be three months in arrears.
In accounting, arrears is used in at least two situations. One use involves the past, omitted dividends on cumulative preferred stock. If a corporation fails to declare the preferred dividend, those dividends are said to be in arrears. The dividends in arrears must be disclosed in the notes (footnotes) to the financial statements. (Cumulative preferred stock requires that any past, omitted dividends must be paid to the preferred stockholders before the common stockholders will be paid any dividend.)
This is the "past due" sense.
Another use of the word arrears occurs with annuities (an annuity is a series of equal amounts occurring at equal time intervals, such as $1,000 per month for 20 years). If the recurring amount comes at the end of each period, the annuity is described as an annuity in arrears or as an ordinary annuity. A loan repayment schedule is usually an annuity in arrears. For example, you borrow $10,000 on September 30 and your first monthly payment will be due on October 31, the second payment will be due on November 30, and so on.
This is the "end of period" sense.
A LIBOR-in-arrears swap is an interest rate swap that sets and pays interest in arrears. In a normal swap, the interest rate is set in advance, and paid in arrears. In a LIBOR-in-arrears swap, the interest rate and payment both happen in arrears. As a consequence, the payment amount cannot be predicted ahead of time.
This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)
| Translations: Arrears |
Dansk (Danish)
n. pl. - restance
idioms:
Nederlands (Dutch)
achterstand, achterstallige schuld
Français (French)
n. pl. - arriérés, arrérages
idioms:
Deutsch (German)
n. pl. - Schulden, Rückstand
idioms:
Ελληνική (Greek)
n. pl. - καθυστερούμενα
idioms:
Italiano (Italian)
retroguardia, arretrati
idioms:
Português (Portuguese)
n. pl. - dívidas (f pl), obrigações (f pl), trabalho (m) inacabado
idioms:
idioms:
Español (Spanish)
n. pl. - atrasos
idioms:
Svenska (Swedish)
n. pl. - resterande skulder, rest
中文（简体）(Chinese (Simplified))
迟延, 拖延, 耽搁, 欠款, 待完成的事
idioms:
中文（繁體）(Chinese (Traditional))
n. pl. - 遲延, 拖延, 耽擱, 欠款, 待完成的事
idioms:
한국어 (Korean)
n. pl. - 지연, 연체금, 꽁무니
idioms:
日本語 (Japanese)
n. - 滞納金, 滞り, 遅れ, 未払い金
idioms:
العربيه (Arabic)
(الجمع) متأخرات, اعمال غير منجزه
עברית (Hebrew)
n. pl. - פיגורים
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Did you mean: arrears, arrearage, grace (in Christian theology), Arrears (2002 Album by Frank Gratkowski/Georg Graewe/John Lindberg), in arrears
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 | Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved. Read more |
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| Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved. Read more |
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| Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved. Read more |
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| Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved. Read more |
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| Thesaurus. Roget's II: The New Thesaurus, Third Edition by the Editors of the American Heritage® Dictionary Copyright © 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. Read more |
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| Antonyms. © 1999-2009 by Answers Corporation. All rights reserved. Read more |
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| Law Encyclopedia. West's Encyclopedia of American Law. Copyright © 1998 by The Gale Group, Inc. All rights reserved. Read more |
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