Arrears: meaning, definitions and examples

Use this when referring to overdue payments that have not been settled on time, typically in the context of rent, bills, or other financial obligations.

• He is in arrears with his rent payments.
• The company has fallen into arrears with its supplier payments.

This is a broad term that describes money that is owed or due to be paid. Debts can apply to loans, credit cards, or any borrowed amount.

• He has accumulated a lot of debts over the years.
• Paying off student debts can take decades.

Refer to payments that should have been made by a certain date but were not. This term often implies a reminder or warning.

• Your account has several overdue payments.
• He received a notice for overdue payments on his mortgage.

Typically used in the context of an unpaid amount on an account, such as a credit card or utility bill, that has not been fully paid yet.

• You have an outstanding balance of $200 on your credit card.
• Please pay your outstanding balance by the end of the month.

Use when someone is behind on a regular payment, such as rent or a loan. It has a formal and somewhat neutral tone.

• He is in arrears with his mortgage payments.
• The company found itself in arrears after several clients failed to pay on time.

Used to describe overdue payments, particularly when a payment has not been made by its due date. Often has a negative connotation.

• The account is now 30 days past due and is considered delinquent.
• His credit score was damaged by the frequent delinquencies on his credit card bills.

Used in formal contexts, especially when someone has failed to meet a financial obligation or payment. It often implies legal or financial consequences.

• If you default on your loan, the bank may repossess your house.
• The company defaulted on its debt, leading to a major financial crisis.

Describes a failure to care for or give proper attention to something, not just in financial contexts. It generally has a negative connotation.

• The garden showed signs of neglect after the owner left for vacation.
• Children who suffer from neglect often face emotional and physical challenges.