ARREAR

arrear

arrear, n. (usu. pl.) 1. The state of being behind in the payment of a debt or the discharge of an obligation (the creditor filed a lawsuit against the debtor who was in arrears). — Also termed arrearage. 2. An unpaid or overdue debt (the creditor reached an agreement with the debtor on settling the […]

arrear Read More »

Scroll to Top