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Simple English definitions for legal terms
arrearage
Read a random definition: Small Business Administration
A quick definition of arrearage:
Arrearage is when someone owes money or has not fulfilled a duty that they were supposed to do. For example, if someone has not paid their rent for a few months, they are in arrearage. It can also mean an unfinished task that has piled up over time. Arrearage is a word that is often used when talking about debts or overdue payments.
A more thorough explanation:
Definition: Arrearage refers to the state of being behind in the payment of a debt or the discharge of an obligation. It can also refer to an unpaid or overdue debt or an unfinished duty.
Examples:
- The tenant was in arrears with their rent payments, owing three months' worth of rent.
- The company was in arrears with their tax payments, owing a significant amount to the government.
- The student was in arrears with their coursework, having missed several assignments and falling behind in their studies.
These examples illustrate how arrearage can refer to a variety of situations where someone is behind in fulfilling their obligations. It can apply to financial debts, such as rent or taxes, as well as non-financial obligations, such as coursework or work duties.