arrears

Definitions

Money that is owed and should have been paid earlier.

The state of being behind in the discharge of obligations or work.

Examples

The tenant was evicted after falling three months into arrears with his rent payments.

The company is currently working to settle its outstanding arrears with several major suppliers.

Synonyms

debt outstanding balance unpaid bills liabilities due payments indebtedness arrearage

Antonyms

credit assets surplus advance payment prepayment settlement positive balance