arrear


arrear

(əˈrɪə) n (Banking & Finance) to be in arrear to be late in payment

ar•rear

(əˈrɪər)

n. 1. Usu., arrears. the state of being late in repaying a debt:to be in arrears with mortgage payments. 2. Often, arrears. a debt that remains unpaid. [1300–50; n. use of arrear (adv., now obsolete), Middle English arere behind < Middle French « Latin ad retrō. See ad-, retro-]