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Arrears
A debt that is not paid on the due date accumulates as 'arrears'. E.g., if a tenant doesn't pay rent, the debt still exists and is referred to as 'arrears'. Also used to describe child or spousal maintenance or support which is not paid by the due date.
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The 'Lectric Law Library INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 A: Page 1 of 27.
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