Arrearage vs. Arrears

Arrearagenoun

The condition of being in arrears.

Arrearagenoun

An item that is in arrears, as periodic payments on a debt or for taxes.

Arrearagenoun

That which remains unpaid and overdue, after payment of a part; arrears.

Arrearsnoun

plural of arrear

Arrearsnoun

the state of being behind in payments;

Arrearsnoun

an unpaid overdue debt

Arrears

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.