arrear

Definitions of "arrear"
  1. The state of not being up to date with certain responsibilities, typically financial ones
  2. The state of being owed at the completion of a set period as opposed to the inception
  3. A debt that is overdue and has yet to be paid
How to use "arrear" in a sentence
  1. Due to several missed payments, the company fell into arrear.
  2. At the end of the month, employees often find themselves in arrear.
  3. Despite multiple notifications, the arrear on the mortgage persisted.

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