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Definitions from the Web

Term: Arrears

Description:

Arrears refers to the amount of money that is owed and remains unpaid, especially in relation to an obligation or a debt. It represents the accumulated and overdue payments that have not been made on time. Arrears can be commonly seen in various financial and legal contexts.

Parts of Speech:

• Noun: When referring to the outstanding amount of money that is owed.
• Plural Noun: When talking about multiple outstanding debts.

Sense 1:

Noun: The amount of money that is overdue and unpaid.

Example sentence: The tenant is three months in arrears on his rent payment.

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Sense 2:

Plural Noun: Multiple outstanding debts.

Example sentence: The company struggled to recover from the numerous arrears accumulated over the years.

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