- Unpaid dividends or bond interest that a corporation owes its stockholders or bond holders after the payable or due date on which the dividends or interest should have been paid. American Banker Glossary
* * *arrears ar‧rears [əˈrɪəz ǁ əˈrɪrz] noun [plural] FINANCE1. money that is owed because it has not been paid on time:
• Unemployment is the biggest cause of mortgage arrears.arrears of
• outstanding arrears of rentˈdebt arˌrears FINANCEdebt or interest that was not paid when it should have been and is still owed:
• The country recently agreed to pay banks 25% of its $8 billion debt arrears this year.2. be in arrears if someone is in arrears, or if their payments are in arrears, they are late in paying something that they should pay regularly:
• One in eight mortgage payers is in arrears.
• 221,900 mortgages were more than six months in arrears.
• Thousands of couples are almost £1000 in arrears.3. fall/get into arrears to start to be in arrears:
• Borrowers couldn't afford to keep up their payments and so fell into arrears.4. be paid in arrears to receive your wages or payment for a service at the end of a period of time you have worked:
• You will be paid monthly in arrears.
* * *arrears UK US /əˈrɪəz/ noun [plural] FINANCE► money that is owed and should already have been paid: »
He ran into difficulties with his mortgage, building up more than £18,000 arrears.»
The government is committed to the full and timely payment of its public debt and arrears.● in arrears — Cf. in arrears
Financial and business terms. 2012.