Arrears
Pronunciation: /ˈɑɹɹiɹ/
Arrears (noun)
- Money that is owed and not paid on time.
- Tasks or duties that are not completed on time.
Examples
- The company struggled with arrears for several months.
- She paid off her arrears to avoid penalties.
Common collocations: clear arrears, accumulate arrears, arrears payment, work arrears, reduce arrears