Arrears meaning: Arrears is a legal term for the

Arrears is a legal term for the part of a debt that is overdue after missing one or more payments. It also has different meanings in accounting, such as calls, dividends, and annuities in arrears , and in derivatives, such as in- arrears swaps. According to arrears definition , it is a financial term in relation to the status of payments related to their due date. Generally, the term is used for describing the responsibility or liability that was not paid past its due date. Hence, arrears mean a payment that is overdue. What is Arrears ... Arrears are money that is owed and should already have been paid, or the period of time during which the money was earned. Learn more about the meaning , usage and synonyms of arrears with Cambridge Dictionary.