WebApr 14, 2024 · This payment is made in arrears (for the previous four weeks), meaning that you won’t receive the uplifted payment until May. WebNov 4, 2024 · In arrears means payment is behind. Arrears can mean payment is overdue, or that the payment isn’t due until after the service period. Businesses can make payments in arrears to vendors or receive payments in arrears from customers. Employees can be paid in arrears, meaning they don’t receive wages until after the pay period.
In arrears definition and meaning Collins English Dictionary
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 done and the wages have been earned. Interest is paid in arrears after you use the money. See full dictionary entry for arrears. WebDec 12, 2024 · What is “Paid in Arrears”? To understand the meaning of this phrase, let’s first break it down into parts. “In arrears” is a financial and legal term that refers to a late or overdue payment. If a bill has not been paid by its due date, it’s “in arrears.” Therefore, “paid in arrears” means paying for something after it has been received. early college genesee st
IN ARREARS English meaning - Cambridge Dictionary
Webin 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 … 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 WebThe term “arrears” indicates that the payment will be done after a specific period and not in advance. It may also refer to a payment that was due but was unpaid. Although both … early college football lines for this week