Definition, Meaning & Synonyms
arear
noun
ə-ˈrir
Definition
A term used in legal and financial contexts referring to overdue payments or debts.
Examples
- The tenants were in arear for three months of rent.
- He was surprised to find that his mortgage payments were still in arear.
Meaning
Arear typically refers to debts that are not paid by their due date, often relating to rents, mortgages, or other financial obligations.
Synonyms
- Default
- Delinquency
- Overdue
