Definition, Meaning & Synonyms

arrearage

noun

/əˈrɪə.ɹɪdʒ/

Definition

The state of being behind in obligations, especially in payments or debts.

Examples

After several months of not receiving rental payments, the landlord decided to take action against the tenants for the arrearage.
The company had to address its arrearage with suppliers to maintain good business relations.

Meaning

Arrearage refers to the amount of money that is owed and has not yet been paid, typically in relation to debts or financial obligations that are overdue.