arrears arrears  /ə ˈrɪrz/

Definition(s):

  1. (n) the state of being behind in payments
  2. (n) an unpaid overdue debt

Usage(s):

  1. Rabbis' salaries were running in arrears.
  2. In fact, Congress has passed two bills authorizing payment of the arrears.
  3. Just as worrying: a shade under 4% of its home loans were more than three months in arrears, the company said Tuesday.

News

  1. IMF says agrees to monitor Zimbabwe, first since 1999

    WASHINGTON/HARARE (Reuters) - The International Monetary Fund said on Friday it has agreed with Zimbabwe to monitor the country's programs until the end of the year, paving the way for this sub-Saharan nation to clear billions of dollars of its debt arrears. The move marks a major step towards Zimbabwe normalizing relations with the IMF, which suspended its voting rights in 2003 over policy ...
    on June 8, 2013     Source: Reuters via Yahoo! News

  2. Zimbabwe agrees to IMF monitoring programme: Finance minister

    HARARE (Reuters) - The IMF has approved Zimbabwe's plan to clear billions of dollars of arrears, while Harare has agreed to enter a staff-monitored programme with the Fund, Finance Minister Tendai Biti said on Friday. The move marks a major step towards Zimbabwe normalising relations with the International Monetary Fund, which suspended its voting rights in 2003 over policy differences with ...
    on June 7, 2013     Source: Reuters via Yahoo! News

Quotes

  1. "In sum, the relatively low level of mortgage arrears in Canada is of no comfort to us. Delinquencies are a lagging indicator. Relying on them as a forecasting tool is like driving while looking in the rear-view mirror. It'sa good way to crash,"...
    on Dec 15, 2008 By: David Wolf Source: London Free Press

  2. "It appears very clearly from this report, Taoiseach, that there will be no Nama for those in negative equity, there will be no sweet-heart deals for those in mortgage arrears or negative equity," Mr Kenny said in the Dail. "And this...
    on Jul 6, 2010 By: Enda Kenny Source: Belfast Telegraph

  3. "The government will continue to support them (loss-making PSUs) for wage arrears up to March 31," Home Minister P Chidambaram told reporters after the CCEA meeting.
    on Mar 18, 2009 By: P Chidambaram Source: Hindu

Word of the Day
pivotal pivotal
/ˈpɪ və təl /