In-arrears meaning
Web1. : the state of being behind in the discharge of obligationsusually used in plural. They were in arrears with the rent. [=they had failed to pay the rent when it was due] 2. a. : an … WebBy itself, “in arrears” means that a payment is late or overdue. Being in arrears with a utility bill or a mortgage payment isn’t a good thing. “Paid in arrears” has a slightly different …
In-arrears meaning
Did you know?
WebArrears are frequently used in the context of payroll. Here, it refers to paying an employee for work that was completed in a previous pay period rather than the current period. For example, imagine that you pay employees on the fifth of March for work that was completed during the full month of February. Webin arrears Late or behind, especially in payment of money. For example, He's been in arrears on his rent so often that he may be evicted. [First half of 1600s] See also: arrears The …
Webin arrears. phrase. If sums of money such as wages or taxes are paid in arrears, they are paid at the end of the period of time to which they relate, for example, after a job has been … WebWhat does billed in arrears mean? Billed in arrears (also "invoice in arrears", "paid in arrears", or "arrears billing") refers to billing and payments that occur after a service is completed, as opposed to up-front or in advance. "Arrears" may also refer to payment that is …
WebJul 13, 2024 · An alternative definition of the term is that a payment is scheduled to be paid at the end of a period, rather than at the beginning of a period. If such is the case, a payment in arrears is not a late payment. For example, a salary is typically paid at the end of a payroll cycle for work already performed. WebJun 27, 2024 · What is Arrears in Accounting? In general, the term arrears means that something is late in being paid. For example, a debt payment could be in arrears, as could an account payable to a supplier, or a bond or interest payment to investors.
Web1 day ago · Definition of 'arrears' arrears (ərɪəʳz ) plural noun Arrears are amounts of money that you owe, especially regular payments that you should have made earlier. Collins COBUILD Advanced Learner’s Dictionary. Copyright © HarperCollins Publishers Definition of 'rent' rent (rent ) variable noun
WebDec 6, 2024 · Payment in arrears: Definition. The expression "payment in arrears" means that one is in arrears with a payment. This means that a payment was due at a certain time but has not been made. This can refer to the due date of a bill, or to monthly recurring payments, for example mortgages, rent or other debts. In this context, payment in arrears … seq population 2022Webin arrears idiom owing money that should have been paid already: My account is badly in arrears. They are in arrears on/with their mortgage payments. If someone is paid in arrears, they are paid at the end of the period of time during which the money was earned: I'm paid … arrears definition: 1. money that is owed and should already have been paid: 2. m… in balance definition: 1. spending no more money in a budget (= financial plan) tha… mortgage definition: 1. an agreement that allows you to borrow money from a ban… in arrears idiom owing money that should have been paid already: My account is … palissade claire voieWebNov 24, 2024 · Paid in Arrears Defined Paid in arrears can mean one of two things: 1. A payment is made after a service, job or billing cycle is finished. In this instance, it is not … palissade château fort