Arrears – overdue payment. Money that is owed
(Pronounced uh - reerz)
To remember the definition of the word arrears, use the following mnemonic:
'Er ears (arrears) have been done but she now owes money. She owes a Buccaneer.
Examples of arrears in a sentence
Because Jill’s credit card payment has been in arrears for three months, the card issuer is suspending her account.
There is an additional fifteen pounds owed for every day the rental payment remains in arrears.
They have promised to pay the arrears over the next five years.
