Arrears Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Arrears, written in plain English, along with examples of how it is used.
What is Arrears?
(n) Arrears is the amount due to a person or entity by virtue of an agreement or obligation which is not paid or otherwise settled as on that date. Eg. Salary arrears, rent arrears etc. The term is associated with liability on account of regular services or obligations.