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Arrears is defined as debt that has accumulated and that has not yet been paid upon the due date. For instance, if someone falls $5000 behind in paying for their mortgage, then they have built up $5000 in arrears. See also: arrearages.

See e.g., Simmons v. NYS Dept. of Social Services (2019).

[Last updated in June of 2022 by the Wex Definitions Team]