Arrear

usgb/əˈrɪr/
noun

An amount of money that is owed and should have been paid earlier.

He is in arrears on his mortgage payments.
Visual representation of "arrear" - An amount of money that is owed and should have been paid earlier.

Usage tips

Neutral

back arrears, liability arrears, rental arrears

Definition 1 of 2
Visual representation of "arrear"
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Financial Awareness

Understanding financial terms can help in managing debts better.

Illustration for Financial Awareness
Knowing the difference between 'arrear' and 'debt' can clarify financial situations.
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Literary Use

Often used in poetic contexts to describe delayed actions or unresolved issues.

Illustration for Literary Use
'He had many arrears with time, neglecting the past.'
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Contextual Usage

Understanding arrear in personal finance can help in budgeting effectively.

Illustration for Contextual Usage
'It's crucial to clear arrears to maintain a good credit score.'
Visual representation of the word "Arrear"

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