What is the difference between arrears and arrearages?
The difference between arrears and arrearage is subtle, but important. Arrears refers to the actual unpaid obligation to a debt, while arrearage refers to the condition of being in debt. Thus, arrearage means one is in arrears.
What is meant by the word arrears?
Definition of arrear 1 : the state of being behind in the discharge of obligations —usually used in plural They were in arrears with the rent. [=they had failed to pay the rent when it was due] 2a : an unfinished duty —usually used in plural arrears of work that have piled up.
What is another term for arrears?
In this page you can discover 30 synonyms, antonyms, idiomatic expressions, and related words for arrears, like: outstanding debts, balance due, pay, unfinished work, deficiency, due, deficit, claim, arrearage, and creditor.
What is the difference between accrued and arrears?
Unsourced material may be challenged and removed. Arrears (or arrearage) is a legal term for the part of a debt that is overdue after missing one or more required payments. The amount of the arrears is the amount accrued from the date on which the first missed payment was due.
How do I get my child support arrears dismissed?
How to Get Child Support Arrears Dismissed
- File a Motion to Establish Your Child Support.
- Negotiate Your Child Support.
- Demonstrate the Child Lived With You – Show You Have Custody of The Child.
- File a Motion to Set Aside the Court Order That Establishes Your Child Support.
What is arrears in real estate?
Arrears is a legal and financial term used to describe payments in regards to their due dates. While the term is more often used to refer to a contractual obligation or liability that was not paid by its due date, arrears are also payments that are made at the end of a period after the service is provided.
How do you use arrear?
Your mortgage payment is a month in arrears. The tenants were still in arrears even after having paid so much to the landlord. fall into arrears: Tom lost his job and then fell into arrears with his rent.
What is an arrear in college?
Standing arrears means current backlog or in simple words do you have any backlog at present where as history of arrears means during your entire course period the number of backlog you have.
What is the opposite to in arrears?
Opposite of behind with paying money that is owed. ahead. in credit. in advance.
How do you use arrears in a sentence?
The workers’ pay was kept months in arrears, until they refused to work, while the daily returns recorded more workers than were employed. However, rent direct reduced landlords’ rent collection costs and minimised the possibility of rent arrears.
What is meant by arrears in salary?
What are Arrears? Arrears refer to payment for compensating the salaries left, which should have been paid earlier. Employees are paid arrears when they get a salary hike in one month but receive the amount in some other month. The due amount in this case which is paid at a later date is termed as arrears.
What does accrue arrears mean?
Arrears can also refer to the fact that a business is behind on payments. In this case, the arrears amount is considered as accruing from the due date of the first missed payment. When an account is paid in arrears in this usage, each subsequent payment is applied to the oldest payment until the account is “caught up.”
How to use “arrears” in a sentence?
arrears in a sentence – arrears sentence arrears in a sentence “arrears” in Chinese “arrears” meaning Sentences Mobile It told me I was in arrears of a larger balance. Lloyd’s has historically reported profits three years in arrears. Our efforts are increasingly hampered by international resentment over our arrears,
How do you spell arrearage?
[F. arr [‘e]rage, fr. arri [`e]re, OF. arere. See Arrear .] That which remains unpaid and overdue, after payment of a part; arrears. [1913 Webster] The old arrearages . . . being defrayed. –Howell. [1913 Webster] Arrect
What is motion to confirm support arrearage?
Please remember that there might be a delay between your follow up questions and my answers because I may be helping other clients or taking a break. A Motion to Confirm Child SupportArrearage is a motion that asks the Family Court to judicially enter a finding that the non-movant has a certain amount of outstanding child support.
What does arrearage mean?
The arrearages legal definition is the amount of a loan, shares of a preferred stock, or any other form of credit which is overdue. Arrears is another term that means the same thing as arrearages.